Shree OSFM E-Mobility (NSE:SHREEOSFM) ROCE % : 18.53% (As of Sep. 2024)

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What is Shree OSFM E-Mobility 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. Shree OSFM E-Mobility's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.53%.

Shree OSFM E-Mobility ROCE % Historical Data

The historical data trend for Shree OSFM E-Mobility'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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Shree OSFM E-Mobility ROCE % Chart

Shree OSFM E-Mobility Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

3.62

10.46

23.24

24.48

Shree OSFM E-Mobility Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	30.05	29.87	18.53

Shree OSFM E-Mobility ROCE % Calculation

Shree OSFM E-Mobility'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 )
	=	108.881	/	( ( (420.502 - 186.669)	+	(829.648 - 173.813) )	/ 2 )
	=	108.881	/	( (233.833	+	655.835)	/ 2 )
	=	108.881	/	444.834
	=	24.48 %

Shree OSFM E-Mobility'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 )
	=	137.85	/	( ( (829.648 - 173.813)	+	(1050.843 - 219.113) )	/ 2 )
	=	137.85	/	( ( 655.835	+	831.73 )	/ 2 )
	=	137.85	/	743.7825
	=	18.53 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Shree OSFM E-Mobility (NSE:SHREEOSFM) 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.

Shree OSFM E-Mobility ROCE % Related Terms

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Shree OSFM E-Mobility Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shree OSFM E-Mobility Ltd (NSE:SHREEOSFM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

104, A-Wing, Green Park, Plot No. 2 & 3, Opp. Ghansoli Railway Station, Sector 3, Navi Mumbai, Ghansoli, MH, IND, 400701

Website

https://www.shreeosfm.com

Shree OSFM E-Mobility Ltd is engaged in providing employee transportation services. It is a vehicle rental company with a variety of vehicles such as Small cars, Sedans, SUVs, Luxury Cars, and Buses. It operates in 42 sites spread across Mumbai, Navi Mumbai, Pune, Bengaluru, Hyderabad, Delhi and Kolkata.

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