Sumuka Agro Industries (BOM:532070) ROCE % : 57.52% (As of Mar. 2024)

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What is Sumuka Agro 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. Sumuka Agro Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 57.52%.

Sumuka Agro Industries ROCE % Historical Data

The historical data trend for Sumuka Agro 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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Sumuka Agro Industries ROCE % Chart

Sumuka Agro Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.73

24.11

13.83

51.43

44.47

Sumuka Agro Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															70.55	60.77	33.90	25.70	57.52

Sumuka Agro Industries ROCE % Calculation

Sumuka Agro Industries'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 )
	=	53.903	/	( ( (198.656 - 101.385)	+	(251.94 - 106.761) )	/ 2 )
	=	53.903	/	( (97.271	+	145.179)	/ 2 )
	=	53.903	/	121.225
	=	44.47 %

Sumuka Agro Industries'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	83.5	/	( ( (0 - 0)	+	(251.94 - 106.761) )	/ 1 )
	=	83.5	/	( ( 0	+	145.179 )	/ 1 )
	=	83.5	/	145.179
	=	57.52 %

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

Sumuka Agro Industries (BOM:532070) 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.

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Sumuka Agro Industries (BOM:532070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Sumuka Agro Industries Ltd (BOM:532070) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 89 A and B, Sector No. 1, Shop No. 1 and 7, Ground Floor, Empress Chambers, Opp. NKGSB Bank, Kandivali (West), Mumbai, MH, IND, 400 067

Website

https://www.sumukaagro.com

Sumuka Agro Industries Ltd is a company engaged in the business of trading and retailing a wide array of dry fruit products. The company's product portfolio includes almonds, cashew nuts, raisins, pistachios, chocolates, dates, dried fruits, mukhwas, premium nuts, seeds, walnuts, and many other products. It sells the products under the brand name of Siamaa's.

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