Shetron (BOM:526137) ROCE % : 12.16% (As of Dec. 2024)

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What is Shetron 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. Shetron's annualized ROCE % for the quarter that ended in Dec. 2024 was 12.16%.

Shetron ROCE % Historical Data

The historical data trend for Shetron'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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Shetron ROCE % Chart

Shetron Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.48

5.51

15.71

17.68

17.69

Shetron 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															22.21	0.66	20.21	15.83	12.16

Shetron ROCE % Calculation

Shetron'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 )
	=	147.7	/	( ( (1501.3 - 676.2)	+	(1573.4 - 728.3) )	/ 2 )
	=	147.7	/	( (825.1	+	845.1)	/ 2 )
	=	147.7	/	835.1
	=	17.69 %

Shetron'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 )
	=	103.2	/	( ( (1569.5 - 720.7)	+	(0 - 0) )	/ 1 )
	=	103.2	/	( ( 848.8	+	0 )	/ 1 )
	=	103.2	/	848.8
	=	12.16 %

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

Shetron (BOM:526137) 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.

Shetron ROCE % Related Terms

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Shetron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shetron Ltd (BOM:526137) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Road No. 5, Plot A6, M.I.D.C., Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.shetron.com

Shetron Ltd is a packaging solutions company. The company is involved in the manufacturing of coni pails, dry battery cell jackets, and components, metal containers, twist-off caps, and others. The company's product line consists of metal packaging, paper packaging, and engineering products. The company operates in one business segment, Metal Packaging.

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