Shri Techtex (NSE:SHRITECH) ROCE % : 49.68% (As of Mar. 2024)

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What is Shri Techtex 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. Shri Techtex's annualized ROCE % for the quarter that ended in Mar. 2024 was 49.68%.

Shri Techtex ROCE % Historical Data

The historical data trend for Shri Techtex'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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Shri Techtex ROCE % Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

43.66

63.49

29.38

24.21

24.84

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	87.31	126.99	58.76	48.41	49.68

Shri Techtex ROCE % Calculation

Shri Techtex'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 )
	=	191.649	/	( ( (738.645 - 120.005)	+	(1000.567 - 75.988) )	/ 2 )
	=	191.649	/	( (618.64	+	924.579)	/ 2 )
	=	191.649	/	771.6095
	=	24.84 %

Shri Techtex'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 )
	=	383.298	/	( ( (738.645 - 120.005)	+	(1000.567 - 75.988) )	/ 2 )
	=	383.298	/	( ( 618.64	+	924.579 )	/ 2 )
	=	383.298	/	771.6095
	=	49.68 %

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

Shri Techtex (NSE:SHRITECH) 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.

Shri Techtex ROCE % Related Terms

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Shri Techtex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

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