Sharanam Infraproject and Trading (BOM:539584) ROCE % : 5.97% (As of Sep. 2024)

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What is Sharanam Infraproject and Trading 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. Sharanam Infraproject and Trading's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.97%.

Sharanam Infraproject and Trading ROCE % Historical Data

The historical data trend for Sharanam Infraproject and Trading'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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Sharanam Infraproject and Trading ROCE % Chart

Sharanam Infraproject and Trading Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-2.70

0.11

0.88

-4.64

0.35

Sharanam Infraproject and Trading Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.55	-5.97	-0.48	3.71	5.97

Sharanam Infraproject and Trading ROCE % Calculation

Sharanam Infraproject and Trading'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 )
	=	0.258	/	( ( (42.976 - 5.953)	+	(253.024 - 140.566) )	/ 2 )
	=	0.258	/	( (37.023	+	112.458)	/ 2 )
	=	0.258	/	74.7405
	=	0.35 %

Sharanam Infraproject and Trading's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	6.62	/	( ( (253.024 - 140.566)	+	(255.38 - 146.197) )	/ 2 )
	=	6.62	/	( ( 112.458	+	109.183 )	/ 2 )
	=	6.62	/	110.8205
	=	5.97 %

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

Sharanam Infraproject and Trading (BOM:539584) 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.

Sharanam Infraproject and Trading ROCE % Related Terms

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Sharanam Infraproject and Trading Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sharanam Infraproject and Trading Ltd (BOM:539584) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A Block, 4th Floor, B- 418, Sobo Center, Bopal, Daskroi, Ahmedabad, GJ, IND, 380058

Website

https://www.sharanaminfra.co.in

Sharanam Infraproject and Trading Ltd is engaged in the supply chain distribution of various steel products in Gujarat and nearby states. The company also has exclusive rights to act as the trading entity for land associated with various development projects in Khalifa City B. It operates in a single segment namely, Trading & Distributors.

Sharanam Infraproject and Trading Headlines

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