SRU Steels (BOM:540914) ROCE % : -4.02% (As of Sep. 2024)

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What is SRU Steels 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. SRU Steels's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.02%.

SRU Steels ROCE % Historical Data

The historical data trend for SRU Steels'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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SRU Steels ROCE % Chart

SRU Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.68

5.88

3.40

9.49

3.25

SRU Steels Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.49	3.49	4.25	-13.53	-4.02

SRU Steels ROCE % Calculation

SRU Steels'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 )
	=	4.379	/	( ( (198 - 65.066)	+	(144.878 - 8.725) )	/ 2 )
	=	4.379	/	( (132.934	+	136.153)	/ 2 )
	=	4.379	/	134.5435
	=	3.25 %

SRU Steels's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-5.236	/	( ( (0 - 0)	+	(139.261 - 9.021) )	/ 1 )
	=	-5.236	/	( ( 0	+	130.24 )	/ 1 )
	=	-5.236	/	130.24
	=	-4.02 %

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

SRU Steels (BOM:540914) 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.

SRU Steels ROCE % Related Terms

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SRU Steels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SRU Steels Ltd (BOM:540914) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

A-48, 1st Floor, Wazirpur Industrial Area, New Delhi, IND, 110052

Website

http://www.srusteels.in

SRU Steels Ltd is an India-based company engaged in trading in various types of Iron and Steel. It offers Stainless Steel products such as Coils, Sheets, and other type of steel. Geographically it operates in India. The company is also engaged in the sale of steel products on a commission basis.

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