Shreeji Translogistics (BOM:540738) ROCE % : 45.62% (As of Dec. 2023)

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What is Shreeji Translogistics 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. Shreeji Translogistics's annualized ROCE % for the quarter that ended in Dec. 2023 was 45.62%.

Shreeji Translogistics ROCE % Historical Data

The historical data trend for Shreeji Translogistics'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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Shreeji Translogistics ROCE % Chart

Shreeji Translogistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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25.96

13.19

6.70

31.33

34.30

Shreeji Translogistics Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															35.88	32.10	44.62	41.94	45.62

Shreeji Translogistics ROCE % Calculation

Shreeji Translogistics'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 )
	=	186.771	/	( ( (901.826 - 377.378)	+	(1086.369 - 521.87) )	/ 2 )
	=	186.771	/	( (524.448	+	564.499)	/ 2 )
	=	186.771	/	544.4735
	=	34.30 %

Shreeji Translogistics'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 )
	=	315.236	/	( ( (1255.401 - 564.451)	+	(0 - 0) )	/ 1 )
	=	315.236	/	( ( 690.95	+	0 )	/ 1 )
	=	315.236	/	690.95
	=	45.62 %

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

Shreeji Translogistics (BOM:540738) 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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Shreeji Translogistics (BOM:540738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shreeji Translogistics Ltd (BOM:540738) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Shreeji Krupa, Plot No. 107, Sector No. 19-C, Vashi, Navi Mumbai, MH, IND, 400 705

Website

https://www.shreejitranslogistics.com

Shreeji Translogistics Ltd is a Pan-India surface logistics and parcel delivery service provider. The company provides various services including full-truckload transport services, parcel, and part truckload services/ less than truckload, import-export services, and bonded trucking services. The company is categorized into four segments are Transportation Road, Rail, Air, Water-ways, Warehousing Container Freight Stations and Inland Container Depots, Freight Forwarding, Value Added Services. The group operates in India.

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