Suumaya Industries (NSE:SUULD) ROCE % : -87.18% (As of Dec. 2023)

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What is Suumaya 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. Suumaya Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -87.18%.

Suumaya Industries ROCE % Historical Data

The historical data trend for Suumaya 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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Suumaya Industries ROCE % Chart

Suumaya Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.02

31.23

177.50

109.18

-35.09

Suumaya 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															3.16	-178.63	-30.35	-75.66	-87.18

Suumaya Industries ROCE % Calculation

Suumaya 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 )
	=	-4128.3	/	( ( (21261.2 - 7167)	+	(23751.3 - 14316.2) )	/ 2 )
	=	-4128.3	/	( (14094.2	+	9435.1)	/ 2 )
	=	-4128.3	/	11764.65
	=	-35.09 %

Suumaya 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 )
	=	-6126.4	/	( ( (23913.7 - 16886.8)	+	(0 - 0) )	/ 1 )
	=	-6126.4	/	( ( 7026.9	+	0 )	/ 1 )
	=	-6126.4	/	7026.9
	=	-87.18 %

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

Suumaya Industries (NSE:SUULD) 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.

Suumaya Industries ROCE % Related Terms

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Suumaya Industries (NSE:SUULD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Suumaya Industries Ltd (NSE:SUULD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Express Highway, Wing B, 20th Floor, Lotus Corporate Park, Goregaon East, Mumbai, MH, IND, 400063

Website

https://www.suumaya.com

Suumaya Industries Ltd is an India based company. The company's operating segment includes Textile; Retail and Agri produce. It generates maximum revenue from Agri produce segment. Agri produce segment business deals with a supply chain of various agri commodities such as wheat, rice, and dal.

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