Sungarner Energies (NSE:SEL) ROCE % : 47.25% (As of Mar. 2023)

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What is Sungarner Energies 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. Sungarner Energies's annualized ROCE % for the quarter that ended in Mar. 2023 was 47.25%.

Sungarner Energies ROCE % Historical Data

The historical data trend for Sungarner Energies'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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Sungarner Energies ROCE % Chart

Sungarner Energies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

10.35

17.45

38.69

47.25

Sungarner Energies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
ROCE %	10.35	17.45	38.69	47.25

Sungarner Energies ROCE % Calculation

Sungarner Energies'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 )
	=	14.428	/	( ( (55.038 - 31.864)	+	(101.467 - 63.574) )	/ 2 )
	=	14.428	/	( (23.174	+	37.893)	/ 2 )
	=	14.428	/	30.5335
	=	47.25 %

Sungarner Energies's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	14.428	/	( ( (55.038 - 31.864)	+	(101.467 - 63.574) )	/ 2 )
	=	14.428	/	( ( 23.174	+	37.893 )	/ 2 )
	=	14.428	/	30.5335
	=	47.25 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Sungarner Energies (NSE:SEL) 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.

Sungarner Energies ROCE % Related Terms

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Sungarner Energies (NSE:SEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungarner Energies Ltd (NSE:SEL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 113, Udyog Kendra-II, Gautam Budh Nagar, Greater Noida, UP, IND, 201306

Website

https://www.sungarner.com

Sungarner Energies Ltd offers a wide range of power solutions. It is engaged in the manufacturing, design, and engineering of Power Equipments and Appliances such as Online UPS, Solar Inverters, EV Chargers, Storage Solutions ( Lead Acid and Lithium-ion), Solar Equipment, and Installation and Commissioning of Solar Power Plants.

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