Suncity Synthetics (BOM:530795) ROCE % : -6.04% (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Suncity Synthetics 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. Suncity Synthetics's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.04%.

Suncity Synthetics ROCE % Historical Data

The historical data trend for Suncity Synthetics'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.

* Premium members only.

Suncity Synthetics ROCE % Chart

Suncity Synthetics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

13.24

-36.97

-61.50

19.20

7.59

Suncity Synthetics 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															-18.88	101.80	-19.40	2.12	-6.04

Suncity Synthetics ROCE % Calculation

Suncity Synthetics'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 )
	=	2.007	/	( ( (65.413 - 36.742)	+	(53.778 - 29.57) )	/ 2 )
	=	2.007	/	( (28.671	+	24.208)	/ 2 )
	=	2.007	/	26.4395
	=	7.59 %

Suncity Synthetics'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 )
	=	-2.86	/	( ( (54.274 - 6.917)	+	(0 - 0) )	/ 1 )
	=	-2.86	/	( ( 47.357	+	0 )	/ 1 )
	=	-2.86	/	47.357
	=	-6.04 %

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

Suncity Synthetics (BOM:530795) 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.

Suncity Synthetics ROCE % Related Terms

Thank you for viewing the detailed overview of Suncity Synthetics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Suncity Synthetics (BOM:530795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suncity Synthetics Ltd (BOM:530795) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shastri nagar, C-8, 1st Floor, Opposite MDM Hospital, Jodhpur, RJ, IND, 342 002

Website

https://www.suncitysyntheticsltd.in

Suncity Synthetics Ltd engages in manufacturing nylon granules and polyester staple fiber that are used as matrix material in composite materials. The composite materials are used with reinforcing fiber like glass or carbon fiber used in car components next to the engine, such as intake manifolds, and also used in technical textile products. Its product portfolio includes Nylon Reprocessed Chips, Polyester Popcorn, PET Bottle Flakes, Reprocessed Polyester Chips and Polyester staple fibres.

Suncity Synthetics (BOM:530795) Headlines

No Headlines