Sunrest Lifescience (NSE:SUNREST) ROCE % : 28.51% (As of Mar. 2024)

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What is Sunrest Lifescience 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. Sunrest Lifescience's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.51%.

Sunrest Lifescience ROCE % Historical Data

The historical data trend for Sunrest Lifescience'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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Sunrest Lifescience ROCE % Chart

Sunrest Lifescience Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

5.71

9.32

31.88

60.44

7.13

Sunrest Lifescience Quarterly Data
	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	22.82	37.28	127.54	241.77	28.51

Sunrest Lifescience ROCE % Calculation

Sunrest Lifescience'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 )
	=	8.11	/	( ( (167.12 - 116.012)	+	(251.555 - 75.083) )	/ 2 )
	=	8.11	/	( (51.108	+	176.472)	/ 2 )
	=	8.11	/	113.79
	=	7.13 %

Sunrest Lifescience'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	32.44	/	( ( (167.12 - 116.012)	+	(251.555 - 75.083) )	/ 2 )
	=	32.44	/	( ( 51.108	+	176.472 )	/ 2 )
	=	32.44	/	113.79
	=	28.51 %

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

Sunrest Lifescience (NSE:SUNREST) 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.

Sunrest Lifescience ROCE % Related Terms

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Sunrest Lifescience Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sunrest Lifescience Ltd (NSE:SUNREST) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Vastral Road, FF-41, Ajay Tenament-6 Near Canal, Near Ritanagar Bus Stand, Ahmedabad, GJ, IND, 382415

Website

https://www.sunrestlifescience.com

Sunrest Lifescience Ltd is engaged in the trading business of pharmaceutical products on a wholesale and retail basis. It deals in Capsules, Tablets, Syrup, Ointment, Gel, mouthwash, Solution, Suspension, Dry Powders, and Toothpaste. Its product portfolio comprises Analgesic & Anti Pyretic3030, Antacid Anti Emetics1414, Anti Biotics1717, Anti Cough & Cold4343, Anti Fungal2929, Anti Spasmodic & Enzyme99, Creams & Ointments44, Eye, Ear Drops & Nasal Spray88, General Products2828, Glucose & Energy Drink88, Hair Care77, Lady Care55, Multi Vitamins & Haemantinics3030, Oral Care55, Skin Care2222, and Vigor and Vitality.

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