Shanthala FMCG Products (NSE:SHANTHALA) ROCE % : 20.41% (As of Mar. 2023)

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What is Shanthala FMCG Products 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. Shanthala FMCG Products's annualized ROCE % for the quarter that ended in Mar. 2023 was 20.41%.

Shanthala FMCG Products ROCE % Historical Data

The historical data trend for Shanthala FMCG Products'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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Shanthala FMCG Products ROCE % Chart

Shanthala FMCG Products Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

15.34

12.69

20.41

Shanthala FMCG Products Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	15.34	12.69	20.41

Shanthala FMCG Products ROCE % Calculation

Shanthala FMCG Products'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 )
	=	6.554	/	( ( (61.579 - 28.561)	+	(65.721 - 34.529) )	/ 2 )
	=	6.554	/	( (33.018	+	31.192)	/ 2 )
	=	6.554	/	32.105
	=	20.41 %

Shanthala FMCG Products'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 )
	=	6.554	/	( ( (61.579 - 28.561)	+	(65.721 - 34.529) )	/ 2 )
	=	6.554	/	( ( 33.018	+	31.192 )	/ 2 )
	=	6.554	/	32.105
	=	20.41 %

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

Shanthala FMCG Products (NSE:SHANTHALA) 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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Shanthala FMCG Products (NSE:SHANTHALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanthala FMCG Products Ltd (NSE:SHANTHALA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gandhinagr Bye Pass Road, 7th Block, Kodagu, Virajpet, KA, IND, 571218

Website

https://www.shanthalafmcg.com

Shanthala FMCG Products Ltd is an FMCG product distributor for large-size FMCG Companies in India for whom It distributes Branded packaged foods, Personal care products, Education & stationery products, Matches & Agarbatti and tobacco products. It is also a distributor for one of the largest FMCG MNC Company in India. It distributes branded Beauty & wellbeing, Nutrition, Personal care & Home care products for them.

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