Shriram Pistons & Rings (NSE:SHRIPISTON) ROCE % : 26.46% (As of Dec. 2024)

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What is Shriram Pistons & Rings 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. Shriram Pistons & Rings's annualized ROCE % for the quarter that ended in Dec. 2024 was 26.46%.

Shriram Pistons & Rings ROCE % Historical Data

The historical data trend for Shriram Pistons & Rings'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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Shriram Pistons & Rings ROCE % Chart

Shriram Pistons & Rings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.32

10.77

17.55

25.85

29.84

Shriram Pistons & Rings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															31.00	28.58	27.81	28.10	26.46

Shriram Pistons & Rings ROCE % Calculation

Shriram Pistons & Rings'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 )
	=	6189.8	/	( ( (24141.22 - 5992.14)	+	(31382.86 - 8046.73) )	/ 2 )
	=	6189.8	/	( (18149.08	+	23336.13)	/ 2 )
	=	6189.8	/	20742.605
	=	29.84 %

Shriram Pistons & Rings's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	6679.2	/	( ( (33909.8 - 8670.7)	+	(0 - 0) )	/ 1 )
	=	6679.2	/	( ( 25239.1	+	0 )	/ 1 )
	=	6679.2	/	25239.1
	=	26.46 %

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

Shriram Pistons & Rings (NSE:SHRIPISTON) 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.

Shriram Pistons & Rings ROCE % Related Terms

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Shriram Pistons & Rings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shriram Pistons & Rings Ltd (NSE:SHRIPISTON) » Definitions » ROCE %

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544344:India

Address

23, Kasturba Gandhi Marg, 3rd Floor, Himalaya House, New Delhi, IND, 110 001

Website

https://www.shrirampistons.com

Shriram Pistons & Rings Ltd is engaged in the business of manufacturing and marketing its automotive component. The company's product portfolio comprises Pistons, Piston Pins, Piston Rings, and Engine Valves. Its product is used by passenger commercial vehicles, cars, two-wheelers, tractors, and stationary engines. The company derives revenue mainly from sales in the domestic market.

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