Sunita Tools (BOM:544001) ROCE % : 41.22% (As of Mar. 2024)

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What is Sunita Tools 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. Sunita Tools's annualized ROCE % for the quarter that ended in Mar. 2024 was 41.22%.

Sunita Tools ROCE % Historical Data

The historical data trend for Sunita Tools'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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Sunita Tools ROCE % Chart

Sunita Tools Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

59.09

64.72

56.24

32.07

Sunita Tools Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	106.61	44.14	35.56	41.22

Sunita Tools ROCE % Calculation

Sunita Tools'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 )
	=	71.961	/	( ( (253.771 - 124.311)	+	(384.847 - 65.579) )	/ 2 )
	=	71.961	/	( (129.46	+	319.268)	/ 2 )
	=	71.961	/	224.364
	=	32.07 %

Sunita Tools'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	95.38	/	( ( (263.421 - 119.892)	+	(384.847 - 65.579) )	/ 2 )
	=	95.38	/	( ( 143.529	+	319.268 )	/ 2 )
	=	95.38	/	231.3985
	=	41.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Sunita Tools (BOM:544001) 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.

Sunita Tools ROCE % Related Terms

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Sunita Tools (BOM:544001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunita Tools Ltd (BOM:544001) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sativali Road, Survey No. 66, Plot No. A, Valiv, Vasai East, Palghar, Thane, MH, IND, 401208

Website

https://www.sunitatools.com

Sunita Tools Ltd is an engineering and mould base industry. It manufactures Ground Plates, Mould Bases and Precision CNC Machining. Company products are a pre-requisite and act as food to the manufacturing industries be it Automotive, Pharmaceutical, Electronics, Consumer Goods and Manufacturing Sectors.

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