Sumitomo Chemical India (BOM:542920) ROCE % : 23.90% (As of Mar. 2024)

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What is Sumitomo Chemical India 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. Sumitomo Chemical India's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.90%.

Sumitomo Chemical India ROCE % Historical Data

The historical data trend for Sumitomo Chemical India'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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Sumitomo Chemical India ROCE % Chart

Sumitomo Chemical India Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.06

32.02

32.44

29.82

20.53

Sumitomo Chemical India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															21.62	13.63	31.36	11.86	23.90

Sumitomo Chemical India ROCE % Calculation

Sumitomo Chemical India'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 )
	=	5080.55	/	( ( (33691.12 - 9333.96)	+	(33132.68 - 8007.03) )	/ 2 )
	=	5080.55	/	( (24357.16	+	25125.65)	/ 2 )
	=	5080.55	/	24741.405
	=	20.53 %

Sumitomo Chemical India'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 )
	=	6004.44	/	( ( (0 - 0)	+	(33132.68 - 8007.03) )	/ 1 )
	=	6004.44	/	( ( 0	+	25125.65 )	/ 1 )
	=	6004.44	/	25125.65
	=	23.90 %

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

Sumitomo Chemical India (BOM:542920) 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.

Sumitomo Chemical India ROCE % Related Terms

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Sumitomo Chemical India (BOM:542920) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sumitomo Chemical India Ltd (BOM:542920) » Definitions » ROCE %

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SUMICHEM:India

Address

13 and 14, Aradhana Industrial Development Corporation, Near Virwani Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400 063

Website

http://www.sumichem.co.in

Sumitomo Chemical India Ltd is engaged in manufacturing and sales of household insecticides, agricultural pesticides, crop protection, grain fumigation, rodent control, bio pesticides, public health insecticides, environmental health, professional pest control and feed additives and animal nutrition products. Its segments include Agro Chemicals and Others. The company generates maximum revenue from the Agro Chemicals segment.

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