Shrenik (NSE:SHRENIK) ROCE % : -8.19% (As of Mar. 2023)

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What is Shrenik 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. Shrenik's annualized ROCE % for the quarter that ended in Mar. 2023 was -8.19%.

Shrenik ROCE % Historical Data

The historical data trend for Shrenik'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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Shrenik ROCE % Chart

Shrenik Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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29.06

27.58

14.01

2.81

4.14

Shrenik Quarterly Data
	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %	Get a 7-Day Free Trial															-0.57	5.57	8.55	4.32	-8.19

Shrenik ROCE % Calculation

Shrenik'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 )
	=	36.187	/	( ( (3589.287 - 2489.216)	+	(2635.952 - 1986.836) )	/ 2 )
	=	36.187	/	( (1100.071	+	649.116)	/ 2 )
	=	36.187	/	874.5935
	=	4.14 %

Shrenik'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: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	-53.168	/	( ( (0 - 0)	+	(2635.952 - 1986.836) )	/ 1 )
	=	-53.168	/	( ( 0	+	649.116 )	/ 1 )
	=	-53.168	/	649.116
	=	-8.19 %

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

Shrenik (NSE:SHRENIK) 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.

Shrenik ROCE % Related Terms

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Shrenik (NSE:SHRENIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shrenik Ltd (NSE:SHRENIK) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Chimanlal Girdharlal Road, Beside Mardia Plaza, 505-508, Ten/11 Complex, Ahmedabad, GJ, IND, 380009

Website

https://www.shrenikltd.com

Shrenik Ltd is involved in the trading of paper products. Its operating segments include Coated Paper, Uncoated Maplitho Paper, Copier Paper, Duplex Board, and Folding boxboard. Geographically the business activities are carried in India.

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