Suprajit Engineering (NSE:SUPRAJIT) ROCE % : 10.44% (As of Sep. 2024)

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What is Suprajit Engineering 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. Suprajit Engineering's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.44%.

Suprajit Engineering ROCE % Historical Data

The historical data trend for Suprajit Engineering'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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Suprajit Engineering ROCE % Chart

Suprajit Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.76

19.82

21.63

18.02

16.86

Suprajit Engineering 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															15.25	17.08	20.35	16.76	10.44

Suprajit Engineering ROCE % Calculation

Suprajit Engineering'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 )
	=	2787.21	/	( ( (24345.2 - 8154.03)	+	(25794.39 - 8924.78) )	/ 2 )
	=	2787.21	/	( (16191.17	+	16869.61)	/ 2 )
	=	2787.21	/	16530.39
	=	16.86 %

Suprajit Engineering'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 )
	=	1722.72	/	( ( (0 - 0)	+	(28556.54 - 12059.25) )	/ 1 )
	=	1722.72	/	( ( 0	+	16497.29 )	/ 1 )
	=	1722.72	/	16497.29
	=	10.44 %

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

Suprajit Engineering (NSE:SUPRAJIT) 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.

Suprajit Engineering ROCE % Related Terms

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Suprajit Engineering Business Description

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532509:India

Address

No. 100 and 101, Bommasandra Industrial Area, Anekal Taluka, Bengaluru, KA, IND, 560 099

Website

https://www.suprajit.com

Suprajit Engineering Ltd is a company that manufactures auto components. Their products include control cables, speedo cables, braking systems, display clusters, telematics, gearboxes, gear shifter systems, throttle controls, and other components for automobiles. The company's main business is manufacturing and selling automotive and other components. The company has a business presence in India, the United States, and the rest of the world (including operations in the United Kingdom, Germany, Luxembourg, and Hungary), with a significant portion of their revenue coming from India. The products manufactured by the company are used by motorcycle, scooter, and moped manufacturers.

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