Gabriel Pet Straps (BOM:544108) ROCE % : 10.49% (As of Mar. 2024)

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What is Gabriel Pet Straps 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. Gabriel Pet Straps's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.49%.

Gabriel Pet Straps ROCE % Historical Data

The historical data trend for Gabriel Pet Straps'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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Gabriel Pet Straps ROCE % Chart

Gabriel Pet Straps Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-0.01

4.79

28.40

10.49

Gabriel Pet Straps Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	-0.01	4.79	28.40	10.49

Gabriel Pet Straps ROCE % Calculation

Gabriel Pet Straps'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 )
	=	8.967	/	( ( (74.216 - 32.415)	+	(139.442 - 10.318) )	/ 2 )
	=	8.967	/	( (41.801	+	129.124)	/ 2 )
	=	8.967	/	85.4625
	=	10.49 %

Gabriel Pet Straps'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	8.967	/	( ( (74.216 - 32.415)	+	(139.442 - 10.318) )	/ 2 )
	=	8.967	/	( ( 41.801	+	129.124 )	/ 2 )
	=	8.967	/	85.4625
	=	10.49 %

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

Gabriel Pet Straps (BOM:544108) 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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Gabriel Pet Straps (BOM:544108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gabriel Pet Straps Ltd (BOM:544108) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.gabrielpetstraps.com

Gabriel Pet Straps Ltd is is engaged in the manufacturing and selling of Pet Straps under brand name of "Gabriel" widely used in packaging of heavy materials. It produce Pet Strap from 9mm to 32mm width and thickness ranging from 0.70mm to 1.30mm. It also offers customised bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth etc.

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