Rana Sugars (NSE:RANASUG) ROCE % : 17.93% (As of Mar. 2024)

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What is Rana Sugars 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. Rana Sugars's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.93%.

Rana Sugars ROCE % Historical Data

The historical data trend for Rana Sugars'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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Rana Sugars ROCE % Chart

Rana Sugars Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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119.65

41.40

22.52

16.28

9.47

Rana Sugars 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															33.58	16.75	-4.37	7.60	17.93

Rana Sugars ROCE % Calculation

Rana Sugars'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 )
	=	653.403	/	( ( (14619.023 - 7758.269)	+	(15029.824 - 8087.815) )	/ 2 )
	=	653.403	/	( (6860.754	+	6942.009)	/ 2 )
	=	653.403	/	6901.3815
	=	9.47 %

Rana Sugars'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 )
	=	1244.432	/	( ( (0 - 0)	+	(15029.824 - 8087.815) )	/ 1 )
	=	1244.432	/	( ( 0	+	6942.009 )	/ 1 )
	=	1244.432	/	6942.009
	=	17.93 %

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

Rana Sugars (NSE:RANASUG) 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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Rana Sugars (NSE:RANASUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rana Sugars Ltd (NSE:RANASUG) » Definitions » ROCE %

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507490:India

Address

SCO 49-50, Madhya Marg, Sector 8-C, Chandigarh, IND, 160009

Website

http://www.ranasugars.com

Rana Sugars Ltd is a sugar manufacturing company. Its segments include Sugar Manufacturing, Ethanol Manufacturing, and Power Generation. The Sugar Manufacturing segment acts as a core revenue driver for the firm which involves the manufacturing and selling of sugar, molasses, and bagasse. The company offers Double Refined White Sulphurless Sugar, Plantation White Sugar, Raw Sugar, and Sugar from Sugar Beet. Geographically, it operates in India.

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