Shyam Metalics and Energy (BOM:543299) ROCE % : 13.15% (As of Mar. 2024)

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What is Shyam Metalics and Energy 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. Shyam Metalics and Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.15%.

Shyam Metalics and Energy ROCE % Historical Data

The historical data trend for Shyam Metalics and Energy'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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Shyam Metalics and Energy ROCE % Chart

Shyam Metalics and Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.44

29.36

46.37

15.60

11.32

Shyam Metalics and Energy Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														6.70	15.28	7.84	11.76	13.15

Shyam Metalics and Energy ROCE % Calculation

Shyam Metalics and Energy'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 )
	=	10730.8	/	( ( (111886.8 - 29768.4)	+	(144238.3 - 36729.9) )	/ 2 )
	=	10730.8	/	( (82118.4	+	107508.4)	/ 2 )
	=	10730.8	/	94813.4
	=	11.32 %

Shyam Metalics and Energy'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 )
	=	14136	/	( ( (0 - 0)	+	(144238.3 - 36729.9) )	/ 1 )
	=	14136	/	( ( 0	+	107508.4 )	/ 1 )
	=	14136	/	107508.4
	=	13.15 %

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

Shyam Metalics and Energy (BOM:543299) 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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Shyam Metalics and Energy (BOM:543299) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shyam Metalics and Energy Ltd (BOM:543299) » Definitions » ROCE %

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SHYAMMETL:India

Address

83, Topsia Road, Trinity Tower, 7th Floor, Kolkata, WB, IND, 700046

Website

https://www.shyammetalics.com

Shyam Metalics and Energy Ltd is an integrated metal producer company. It is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. The company generates the majority of its revenue from India. The group revenue from the Sale of Manufactured Products, Sale of Services, Sale of Traded Goods, and Sale of Power, with the majority being generated from the sale of manufactured products.

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