Shree Rajasthan Syntex (BOM:503837) ROCE % : -56.34% (As of Dec. 2024)

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What is Shree Rajasthan Syntex 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. Shree Rajasthan Syntex's annualized ROCE % for the quarter that ended in Dec. 2024 was -56.34%.

Shree Rajasthan Syntex ROCE % Historical Data

The historical data trend for Shree Rajasthan Syntex'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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Shree Rajasthan Syntex ROCE % Chart

Shree Rajasthan Syntex Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-17.35

-301.44

Shree Rajasthan Syntex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-	1,448.01	-25.21	-15.10	-56.34

Shree Rajasthan Syntex ROCE % Calculation

Shree Rajasthan Syntex'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 )
	=	1136.371	/	( ( (989.206 - 2017.521)	+	(492.477 - 192.653) )	/ 2 )
	=	1136.371	/	( (-1028.315	+	299.824)	/ 2 )
	=	1136.371	/	-364.2455
	=	-311.98 %

Shree Rajasthan Syntex's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-132.8	/	( ( (437.5 - 201.8)	+	(0 - 0) )	/ 1 )
	=	-132.8	/	( ( 235.7	+	0 )	/ 1 )
	=	-132.8	/	235.7
	=	-56.34 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Shree Rajasthan Syntex (BOM:503837) 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.

Shree Rajasthan Syntex ROCE % Related Terms

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Shree Rajasthan Syntex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shree Rajasthan Syntex Ltd (BOM:503837) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Meera Nagar, 27-A, First Floor, , Housing Board Colon, Udaipur, RJ, IND, 313001

Website

https://www.srsl.in

Shree Rajasthan Syntex Ltd is mainly engaged in the production of textile products. Geographically, it derives a majority of revenue from India. The company's other businesses consist of power generation and education.

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