Shekhawati Industries (BOM:533301) ROCE % : 41.61% (As of Dec. 2024)

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What is Shekhawati Industries 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. Shekhawati Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 41.61%.

Shekhawati Industries ROCE % Historical Data

The historical data trend for Shekhawati Industries'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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Shekhawati Industries ROCE % Chart

Shekhawati Industries Annual Data

Trend

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ROCE %

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Shekhawati Industries 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															-	3,670.18	59.73	70.23	41.61

Shekhawati Industries ROCE % Calculation

Shekhawati Industries'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 )
	=	1540.933	/	( ( (1082.469 - 2541.913)	+	(441.125 - 282.571) )	/ 2 )
	=	1540.933	/	( (-1459.444	+	158.554)	/ 2 )
	=	1540.933	/	-650.445
	=	-236.90 %

Shekhawati Industries'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 )
	=	60.836	/	( ( (433.823 - 287.609)	+	(0 - 0) )	/ 1 )
	=	60.836	/	( ( 146.214	+	0 )	/ 1 )
	=	60.836	/	146.214
	=	41.61 %

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

Shekhawati Industries (BOM:533301) 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.

Shekhawati Industries ROCE % Related Terms

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Shekhawati Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shekhawati Industries Ltd (BOM:533301) » Definitions » ROCE %

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SHEKHAWATI:India

Address

Off. Western Express Highway, Express Zone, 'A' Wing, Unit No. 1102/1103, Patel Vatika, Malad (East), Mumbai, MH, IND, 400 097

Website

https://www.shekhawatiyarn.com

Shekhawati Industries Ltd formerly Shekhawati Poly-Yarn Ltd is engaged in the business of manufacturing of texturizing yarn, twisting yarn and knitted fabrics. The Company operates through single segment: textile business segment. The firm engages in the manufacture of polyester texturized yarn and fancy yarn used for suiting, shirting, dress materials, sarees, hosiery, knitted fabric, zipper fastener, curtain, industrial cloth, and upholstery. The company caters to both domestic and international markets.

Shekhawati Industries Headlines

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