Synergy Green Industries (NSE:SGIL) ROCE % : 34.41% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Synergy Green 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. Synergy Green Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.41%.

Synergy Green Industries ROCE % Historical Data

The historical data trend for Synergy Green 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.

* Premium members only.

Synergy Green Industries ROCE % Chart

Synergy Green Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

27.36

23.25

19.67

15.87

14.63

Synergy Green Industries Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.83	24.88	34.39	37.44	34.41

Synergy Green Industries ROCE % Calculation

Synergy Green 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 )
	=	120.025	/	( ( (1941.811 - 1125.495)	+	(1817.659 - 993.55) )	/ 2 )
	=	120.025	/	( (816.316	+	824.109)	/ 2 )
	=	120.025	/	820.2125
	=	14.63 %

Synergy Green 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 )
	=	278.144	/	( ( (1904.069 - 1095.847)	+	(0 - 0) )	/ 1 )
	=	278.144	/	( ( 808.222	+	0 )	/ 1 )
	=	278.144	/	808.222
	=	34.41 %

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

Synergy Green Industries (NSE:SGIL) 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.

Synergy Green Industries ROCE % Related Terms

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

Synergy Green Industries (NSE:SGIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Synergy Green Industries Ltd (NSE:SGIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

541929:India

Address

392, E Ward, Assembly Road, Shahupuri Post Box No. 201, Kolhapur, MH, IND, 416001

Website

https://www.synergygreenind.com

Synergy Green Industries Ltd is engaged in the business of foundry i.e. manufacturing of wind turbine casting and other large precision castings. The company generates maximum revenue from the sale of Windmill Castings. Products offered by the company include gearbox housing, hub, front wheel, main foundation, base frame, main axle, hollow shaft, DV- casing, diffuser, rear wheel, wedge, cannon tube, and others.

Synergy Green Industries (NSE:SGIL) Headlines

No Headlines