Syrma SGS Technology (BOM:543573) ROCE % : 15.93% (As of Mar. 2024)

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What is Syrma SGS Technology 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. Syrma SGS Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.93%.

Syrma SGS Technology ROCE % Historical Data

The historical data trend for Syrma SGS Technology'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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Syrma SGS Technology ROCE % Chart

Syrma SGS Technology Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

24.22

16.72

14.02

17.32

11.59

Syrma SGS Technology Quarterly Data
	Mar20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							17.13	11.63	10.02	8.25	15.93

Syrma SGS Technology ROCE % Calculation

Syrma SGS Technology'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 )
	=	2042.9	/	( ( (25411.55 - 8599.52)	+	(36894.26 - 18448.53) )	/ 2 )
	=	2042.9	/	( (16812.03	+	18445.73)	/ 2 )
	=	2042.9	/	17628.88
	=	11.59 %

Syrma SGS Technology'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 )
	=	2939	/	( ( (0 - 0)	+	(36894.26 - 18448.53) )	/ 1 )
	=	2939	/	( ( 0	+	18445.73 )	/ 1 )
	=	2939	/	18445.73
	=	15.93 %

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

Syrma SGS Technology (BOM:543573) 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.

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Syrma SGS Technology (BOM:543573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syrma SGS Technology Ltd (BOM:543573) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SYRMA:India

Address

MEPZ-SEZ, Sanatorium, Plot B27, Phase II, Zone B, Tambaram, Chennai, TN, IND, 600 045

Website

https://www.syrmasgs.com

Syrma SGS Technology Ltd is a technology focussed engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.

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