Rajeshwari Cans (BOM:543285) ROCE % : 17.26% (As of Mar. 2024)

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What is Rajeshwari Cans 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. Rajeshwari Cans's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.26%.

Rajeshwari Cans ROCE % Historical Data

The historical data trend for Rajeshwari Cans'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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Rajeshwari Cans ROCE % Chart

Rajeshwari Cans Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.78

13.18

11.20

17.91

17.25

Rajeshwari Cans Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial						11.70	17.48	14.60	16.42	17.26

Rajeshwari Cans ROCE % Calculation

Rajeshwari Cans's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	21.99	/	( ( (192.003 - 69.378)	+	(215.29 - 82.966) )	/ 2 )
	=	21.99	/	( (122.625	+	132.324)	/ 2 )
	=	21.99	/	127.4745
	=	17.25 %

Rajeshwari Cans's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	22.95	/	( ( (221.728 - 88.152)	+	(215.29 - 82.966) )	/ 2 )
	=	22.95	/	( ( 133.576	+	132.324 )	/ 2 )
	=	22.95	/	132.95
	=	17.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Rajeshwari Cans (BOM:543285) 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.

Rajeshwari Cans ROCE % Related Terms

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Rajeshwari Cans (BOM:543285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Rajeshwari Cans Ltd (BOM:543285) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

96, Mahagujarat, Industrial Estate, Moraiya, Taluka: Sanand, Nr. Arto Off Print,, Ahmedabad, GJ, IND, 382210

Website

http://www.rajeshwaricans.com

Rajeshwari Cans Ltd is engaged in the business of manufacturing round-printed tin containers of various sizes which are used as packing material. The company supplies tin containers to customers engaged in the business of tobacco manufacturing and paint manufacturing.

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