Sunflag Iron & Steel Co (NSE:SUNFLAG) ROCE % : 4.01% (As of Sep. 2024)

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What is Sunflag Iron & Steel Co 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. Sunflag Iron & Steel Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 4.01%.

Sunflag Iron & Steel Co ROCE % Historical Data

The historical data trend for Sunflag Iron & Steel Co'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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Sunflag Iron & Steel Co ROCE % Chart

Sunflag Iron & Steel Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.48

9.91

15.28

49.29

5.08

Sunflag Iron & Steel Co 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															5.34	5.21	3.44	3.78	4.01

Sunflag Iron & Steel Co ROCE % Calculation

Sunflag Iron & Steel Co'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 )
	=	2546	/	( ( (49423.4 - 8872)	+	(70222.1 - 10518.9) )	/ 2 )
	=	2546	/	( (40551.4	+	59703.2)	/ 2 )
	=	2546	/	50127.3
	=	5.08 %

Sunflag Iron & Steel Co'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 )
	=	3232.8	/	( ( (0 - 0)	+	(89650.7 - 9088.1) )	/ 1 )
	=	3232.8	/	( ( 0	+	80562.6 )	/ 1 )
	=	3232.8	/	80562.6
	=	4.01 %

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

Sunflag Iron & Steel Co (NSE:SUNFLAG) 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.

Sunflag Iron & Steel Co ROCE % Related Terms

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Sunflag Iron & Steel Co Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sunflag Iron & Steel Co Ltd (NSE:SUNFLAG) » Definitions » ROCE %

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500404:India

Address

Mount Road, 33/1, Sadar, Nagpur, MH, IND, 440 001

Website

https://www.sunflagsteel.com

Sunflag Iron & Steel Co Ltd is engaged in the business of manufacturing and sale of special steel rolled products. The company offers Flat Bars, Round Bars, Bright Bars, and Wire Rods of Alloy Steel, Spring Steel, Ball Bearing Steel, and Stainless Steel. The business activity of the firm is operated through Iron and Steel business segment. Geographically, it derives a majority of its revenue from India.

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