Suryaamba Spinning Mills (BOM:533101) ROCE % : 10.01% (As of Mar. 2024)

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What is Suryaamba Spinning Mills ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Suryaamba Spinning Mills's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.01%.

Suryaamba Spinning Mills ROCE % Historical Data

The historical data trend for Suryaamba Spinning Mills's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Suryaamba Spinning Mills ROCE % Chart

Suryaamba Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.80

13.73

27.87

16.79

8.22

Suryaamba Spinning Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.76	10.32	6.69	5.83	10.01

Suryaamba Spinning Mills ROCE % Calculation

Suryaamba Spinning Mills's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	81.377	/	( ( (1357.318 - 353.252)	+	(1271.977 - 295.166) )	/ 2 )
	=	81.377	/	( (1004.066	+	976.811)	/ 2 )
	=	81.377	/	990.4385
	=	8.22 %

Suryaamba Spinning Mills's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	97.736	/	( ( (0 - 0)	+	(1271.977 - 295.166) )	/ 1 )
	=	97.736	/	( ( 0	+	976.811 )	/ 1 )
	=	97.736	/	976.811
	=	10.01 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Suryaamba Spinning Mills (BOM:533101) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Suryaamba Spinning Mills ROCE % Related Terms

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Suryaamba Spinning Mills (BOM:533101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryaamba Spinning Mills Ltd (BOM:533101) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

128, Chhaoni Katol Road, A-101, Kanha Apartment, Nagpur, MH, IND, 440 013

Website

https://www.suryaamba.com

Suryaamba Spinning Mills Ltd is an India-based company engaged in manufacturing Polyester yarn and Polyester/Viscose Blended Yarn. It manufactures Synthetic Ring Spun Yarn for weaving, knitting, and embroidery and other industrial applications and specialized products according to customer requirements. The Company is operating under only one segment which is Manufacturing and Trading of Yarn. The product categories offered by the company includes 100% Polyester Yarns, Polyester/Viscose Yarns, Viscose Yarns, Other Blends and Fancy Yarns.

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