Surana Solar (NSE:SURANASOL) ROCE % : 3.91% (As of Sep. 2024)

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What is Surana Solar 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. Surana Solar's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.91%.

Surana Solar ROCE % Historical Data

The historical data trend for Surana Solar'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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Surana Solar ROCE % Chart

Surana Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.33

1.98

2.58

5.98

-1.56

Surana Solar 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															-11.80	2.36	0.48	2.51	3.91

Surana Solar ROCE % Calculation

Surana Solar'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 )
	=	-8.938	/	( ( (594.38 - 15.103)	+	(588.655 - 23.36) )	/ 2 )
	=	-8.938	/	( (579.277	+	565.295)	/ 2 )
	=	-8.938	/	572.286
	=	-1.56 %

Surana Solar'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 )
	=	22.3	/	( ( (0 - 0)	+	(650.16 - 80.014) )	/ 1 )
	=	22.3	/	( ( 0	+	570.146 )	/ 1 )
	=	22.3	/	570.146
	=	3.91 %

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

Surana Solar (NSE:SURANASOL) 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.

Surana Solar ROCE % Related Terms

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Surana Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Surana Solar Ltd (NSE:SURANASOL) » Definitions » ROCE %

Traded in Other Exchanges

533298:India

Address

Plot No.212/3 & 4, Phase II, IDA, Cherlapally, Hyderabad, TG, IND, 500051

Website

https://www.suranasolar.com

Surana Solar Ltd is engaged in the business of manufacturing solar panels/photovoltaic (PV) cells. The company is also engaged in the generation of wind power energy and trading of other solar-related products. It operates through two segments: Solar Products; and Renewable Energy. The majority of revenue is derived from the Solar products segment which involves the manufacturing and trading of Solar Photovoltaic (SPV) Modules. It offers products such as SPV modules; Home lighting systems Solar street lighting products; and Solar lanterns. The Renewable Energy segment represents revenue derived from the generation of solar and wind power.

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