Shilchar Technologies (BOM:531201) ROCE % : 64.18% (As of Mar. 2024)

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What is Shilchar Technologies 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. Shilchar Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 64.18%.

Shilchar Technologies ROCE % Historical Data

The historical data trend for Shilchar Technologies'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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Shilchar Technologies ROCE % Chart

Shilchar Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.33

12.07

25.27

55.91

73.19

Shilchar Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															66.49	70.51	91.30	86.33	64.18

Shilchar Technologies ROCE % Calculation

Shilchar Technologies'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 )
	=	1235.344	/	( ( (1777.669 - 530.949)	+	(2924.837 - 795.656) )	/ 2 )
	=	1235.344	/	( (1246.72	+	2129.181)	/ 2 )
	=	1235.344	/	1687.9505
	=	73.19 %

Shilchar Technologies'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1366.568	/	( ( (0 - 0)	+	(2924.837 - 795.656) )	/ 1 )
	=	1366.568	/	( ( 0	+	2129.181 )	/ 1 )
	=	1366.568	/	2129.181
	=	64.18 %

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

Shilchar Technologies (BOM:531201) 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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Shilchar Technologies (BOM:531201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shilchar Technologies Ltd (BOM:531201) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Bil Road, Bil, Vadodara, GJ, IND, 391 410

Website

https://www.shilchar.com/ent

Shilchar Technologies Ltd manufactures and sells transformers in India. It provides power and distribution transformers; linear transformers, including R core transformers, EI transformers, toroidal transformers, and energy meter CT's; telecom and data transformers; and standard line transformers. It serves government utilities, private utilities, EPC contractors, and power plant developers and contractors; and pharmaceutical and chemical, oil and gas, engineering, cement, healthcare, food and beverage, glass and automotive, textile and ceramic, and hospitality industries, as well as renewable energy plant manufacturers, contractors, and developers. Geographically, the group has a business presence in India and other countries, of which a majority of revenue is derived from India.

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