Shera Energy (NSE:SHERA) ROCE % : 34.21% (As of Jun. 2024)

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What is Shera 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. Shera Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was 34.21%.

Shera Energy ROCE % Historical Data

The historical data trend for Shera 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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Shera Energy ROCE % Chart

Shera Energy Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

16.85

20.55

19.42

19.72

23.41

Shera Energy Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial					-	25.08	30.98	-	34.21

Shera Energy ROCE % Calculation

Shera 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 )
	=	392.961	/	( ( (3749.745 - 2186.774)	+	(4440.806 - 2646.051) )	/ 2 )
	=	392.961	/	( (1562.971	+	1794.755)	/ 2 )
	=	392.961	/	1678.863
	=	23.41 %

Shera Energy's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	614.044	/	( ( (4440.806 - 2646.051)	+	(0 - 0) )	/ 1 )
	=	614.044	/	( ( 1794.755	+	0 )	/ 1 )
	=	614.044	/	1794.755
	=	34.21 %

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

Shera Energy (NSE:SHERA) 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.

Shera Energy ROCE % Related Terms

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Shera Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shera Energy Ltd (NSE:SHERA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No. 13, V.K.I Area, F-269 B, Jaipur, RJ, IND, 302013

Website

https://www.sheraenergy.com

Shera Energy Ltd is engaged in manufacturing of non-ferrous metal products and its alloy products and winding wires. The company manufacture winding wires and strips made of non-ferrous metals like Copper and Aluminium. Alongside, it also processes products like rods, wire rods, wires, Tubes, Billets and Bus-bars of Non Ferrous Metals, namely, Copper, Aluminum and Brass.

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