Gabriel Pet Straps (BOM:544108) ROCE % : 6.23% (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

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 Sep. 2024 was 6.23%.

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.

* Premium members only.

Gabriel Pet Straps ROCE % Chart

Gabriel Pet Straps Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-0.01

4.79

28.40

10.48

Gabriel Pet Straps Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	34.30	2.74	6.23

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 )
	=	8.959	/	( ( (74.216 - 32.415)	+	(139.442 - 10.318) )	/ 2 )
	=	8.959	/	( (41.801	+	129.124)	/ 2 )
	=	8.959	/	85.4625
	=	10.48 %

Gabriel Pet Straps'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 )
	=	8.942	/	( ( (139.442 - 10.318)	+	(162.27 - 4.409) )	/ 2 )
	=	8.942	/	( ( 129.124	+	157.861 )	/ 2 )
	=	8.942	/	143.4925
	=	6.23 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 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.

Gabriel Pet Straps ROCE % Related Terms

Thank you for viewing the detailed overview of Gabriel Pet Straps's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gabriel Pet Straps 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

Paddhari Bypass, Jamnagar Highway, Plot No. 23, Radhe Industrial Area, Behind Reliance Petrol Pump, Paddhari, Rajkot, GJ, IND, 360110

Website

https://www.gabrielpetstraps.com

Gabriel Pet Straps Ltd is engaged in the manufacturing and selling of Pet Straps under the brand name of 'Gabriel' which is widely used in the packaging of heavy materials. It produces Pet Straps from 9mm to 32mm in width and thickness ranging from 0.5mm to 1.27mm. It also offers customised bulk packaging solutions to different industries such as Cotton Bales, Fiber, Packaging, Paper, Waste Cloth, etc.

Gabriel Pet Straps Headlines

No Headlines