Sunil Industries (BOM:521232) ROCE % : 21.98% (As of Dec. 2023)

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What is Sunil Industries 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. Sunil Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.98%.

Sunil Industries ROCE % Historical Data

The historical data trend for Sunil Industries'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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Sunil Industries ROCE % Chart

Sunil Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.12

7.49

8.04

15.80

21.10

Sunil Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.86	10.55	26.95	15.82	21.98

Sunil Industries ROCE % Calculation

Sunil Industries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	97.2	/	( ( (1061.856 - 622.283)	+	(1269.8 - 788.2) )	/ 2 )
	=	97.2	/	( (439.573	+	481.6)	/ 2 )
	=	97.2	/	460.5865
	=	21.10 %

Sunil Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	110.576	/	( ( (1407.944 - 904.909)	+	(0 - 0) )	/ 1 )
	=	110.576	/	( ( 503.035	+	0 )	/ 1 )
	=	110.576	/	503.035
	=	21.98 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sunil Industries (BOM:521232) 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.

Sunil Industries ROCE % Related Terms

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Sunil Industries (BOM:521232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sunil Industries Ltd (BOM:521232) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

315, Rewa Chambers, New Marine Lines, Mumbai, MH, IND, 400020

Website

https://www.sunilgroup.com

Sunil Industries Ltd is in the business of textiles. The company owns a manufacturing unit where it spins, weaves, knits, processes, stitches, and supplies finished textile products. The firm has manufacturing plants at Ichalkaranji, Dindigul & Dombivli that have Singeing, Shearing and Cropping, Open Width Bleaching, Continuous Dyeing Range, Double Width Mercerizing, and Sanforising technologies. Company products consist of bleached, dyed, printed cotton fabrics, flannelette cloth, flannelette rolls, woolen blended fabric, synthetic web equipment, etc. It is also engaged in S.D. Parachute Fabric, Nylon fabric for Parachute, and camouflage pattern printed on all types of fabric.

Sunil Industries (BOM:521232) Headlines

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