Shree Ajit Pulp And Paper (BOM:538795) ROCE % : 7.33% (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Shree Ajit Pulp And Paper 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 Ajit Pulp And Paper's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.33%.

Shree Ajit Pulp And Paper ROCE % Historical Data

The historical data trend for Shree Ajit Pulp And Paper'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.

* Premium members only.

Shree Ajit Pulp And Paper ROCE % Chart

Shree Ajit Pulp And Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

15.57

19.50

16.77

10.98

4.81

Shree Ajit Pulp And Paper Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.21	4.97	3.61	3.41	7.33

Shree Ajit Pulp And Paper ROCE % Calculation

Shree Ajit Pulp And Paper'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 )
	=	186.921	/	( ( (4286.941 - 630.204)	+	(5161.636 - 1045.351) )	/ 2 )
	=	186.921	/	( (3656.737	+	4116.285)	/ 2 )
	=	186.921	/	3886.511
	=	4.81 %

Shree Ajit Pulp And Paper'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 )
	=	301.612	/	( ( (0 - 0)	+	(5161.636 - 1045.351) )	/ 1 )
	=	301.612	/	( ( 0	+	4116.285 )	/ 1 )
	=	301.612	/	4116.285
	=	7.33 %

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

Shree Ajit Pulp And Paper (BOM:538795) 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 Ajit Pulp And Paper ROCE % Related Terms

Thank you for viewing the detailed overview of Shree Ajit Pulp And Paper's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shree Ajit Pulp And Paper (BOM:538795) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shree Ajit Pulp And Paper Ltd (BOM:538795) » Definitions » ROCE %

Traded in Other Exchanges

890195:India

Address

Survey No 239, Village Salvav, 106,107,108P & 105P, Near Morai Railway Crossing, District Valsad, Vapi, GJ, IND, 396191

Website

https://www.shreeajit.com

Shree Ajit Pulp And Paper Ltd is engaged in the manufacturing of kraft paper. The company operates through a single operating segment which is the manufacturing of kraft paper. The product includes multilayer test liner and test liner paper and is available in two shades which are natural and golden yellow. The kraft papers of the company are mainly used for making corrugated boxes, duplex cartons, and packaging material.

Shree Ajit Pulp And Paper (BOM:538795) Headlines

No Headlines