Sungold Media and Entertainment (BOM:541799) ROCE % : 0.56% (As of Sep. 2023)

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What is Sungold Media and Entertainment 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. Sungold Media and Entertainment's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.56%.

Sungold Media and Entertainment ROCE % Historical Data

The historical data trend for Sungold Media and Entertainment'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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Sungold Media and Entertainment ROCE % Chart

Sungold Media and Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.52

0.37

0.34

0.26

Sungold Media and Entertainment Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial												0.21	0.31	0.10	0.42	0.56

Sungold Media and Entertainment ROCE % Calculation

Sungold Media and Entertainment'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 )
	=	0.227	/	( ( (56.25 - 0.121)	+	(115.64 - 0.155) )	/ 2 )
	=	0.227	/	( (56.129	+	115.485)	/ 2 )
	=	0.227	/	85.807
	=	0.26 %

Sungold Media and Entertainment's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	0.646	/	( ( (115.64 - 0.155)	+	(116.055 - 0.283) )	/ 2 )
	=	0.646	/	( ( 115.485	+	115.772 )	/ 2 )
	=	0.646	/	115.6285
	=	0.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Sungold Media and Entertainment (BOM:541799) 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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Sungold Media and Entertainment (BOM:541799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sungold Media and Entertainment Ltd (BOM:541799) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Radhakrushna Mandir Compound, Village- Rajpipla, Nandod, Narmada, GJ, IND, 393145

Website

https://www.sungoldmediaent.com

Sungold Media and Entertainment Ltd is an Indian company operating in the media and entertainment industry. It provides graphic design, website design, Video Editing, Digital Marketing, Photography, Videography, Mobile App Development, Celebrity Management, and distribution services. It engages in multilevel marketing, network marketing, digital marketing of products/services/consultancy, and other forms of marketing and electronic services or devices including applications relating to media and entertainment.

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