Shree Rama Multi-Tech (BOM:532310) ROCE % : 17.00% (As of Dec. 2024)

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What is Shree Rama Multi-Tech 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 Rama Multi-Tech's annualized ROCE % for the quarter that ended in Dec. 2024 was 17.00%.

Shree Rama Multi-Tech ROCE % Historical Data

The historical data trend for Shree Rama Multi-Tech'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 Rama Multi-Tech ROCE % Chart

Shree Rama Multi-Tech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.99

4.27

-4.42

8.57

9.97

Shree Rama Multi-Tech 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															8.28	11.90	15.19	16.55	17.00

Shree Rama Multi-Tech ROCE % Calculation

Shree Rama Multi-Tech'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 )
	=	106.22	/	( ( (1334.738 - 323.127)	+	(1384.381 - 264.598) )	/ 2 )
	=	106.22	/	( (1011.611	+	1119.783)	/ 2 )
	=	106.22	/	1065.697
	=	9.97 %

Shree Rama Multi-Tech'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 )
	=	229.42	/	( ( (1628.058 - 278.17)	+	(0 - 0) )	/ 1 )
	=	229.42	/	( ( 1349.888	+	0 )	/ 1 )
	=	229.42	/	1349.888
	=	17.00 %

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

Shree Rama Multi-Tech (BOM:532310) 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 Rama Multi-Tech ROCE % Related Terms

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Shree Rama Multi-Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shree Rama Multi-Tech Ltd (BOM:532310) » Definitions » ROCE %

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SHREERAMA:India

Address

Kalol-Khatraj Road, 1557, Motibhoyan, Gandhinagar, GJ, IND, 380009

Website

https://www.srmtl.com

Shree Rama Multi-Tech Ltd is an Indian based company operates in packaging and containers division. The company is primarily engaged in the manufacturing and sale of plastic packaging products. It offers products such as plastic laminated tubes, multilayer tubes, monolayer tubes, monolayer seamless tubes, labels and stickers, tarpaulin, paper cups, and others. Geographically it operates through India, however, its products are sold within India and to some other international countries such as Bulgaria, Kenya, Nigeria, Saudi Arabia, Shri Lanka, Nepal, Singapore, Tanzania, and Turkey.

Shree Rama Multi-Tech Headlines

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