Shree Ram Proteins (NSE:SRPL) ROCE % : -24.52% (As of Mar. 2024)

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What is Shree Ram Proteins 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 Ram Proteins's annualized ROCE % for the quarter that ended in Mar. 2024 was -24.52%.

Shree Ram Proteins ROCE % Historical Data

The historical data trend for Shree Ram Proteins'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 Ram Proteins ROCE % Chart

Shree Ram Proteins Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.65

8.38

20.59

15.07

-14.37

Shree Ram Proteins Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.13	8.42	-11.42	-30.27	-24.52

Shree Ram Proteins ROCE % Calculation

Shree Ram Proteins'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 )
	=	-86.865	/	( ( (1060.797 - 420.521)	+	(982.561 - 413.75) )	/ 2 )
	=	-86.865	/	( (640.276	+	568.811)	/ 2 )
	=	-86.865	/	604.5435
	=	-14.37 %

Shree Ram Proteins'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-139.464	/	( ( (0 - 0)	+	(982.561 - 413.75) )	/ 1 )
	=	-139.464	/	( ( 0	+	568.811 )	/ 1 )
	=	-139.464	/	568.811
	=	-24.52 %

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

Shree Ram Proteins (NSE:SRPL) 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 Ram Proteins ROCE % Related Terms

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Shree Ram Proteins Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shree Ram Proteins Ltd (NSE:SRPL) » Definitions » ROCE %

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N/A

Address

150 Feet Ring Road, B-206, Second Floor, The Imperial Heights, Opposite Big Bazaar, Rajkot, GJ, IND, 360 005

Website

https://www.shreeramproteins.com

Shree Ram Proteins Ltd is engaged in the business of de-linting and de-hulling of cotton seeds by a mechanical process, oil extraction from cotton seeds, and solvent extraction from cotton seeds oil cake, and groundnuts.

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