Sharda Cropchem (BOM:538666) ROCE % : 31.77% (As of Mar. 2024)

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What is Sharda Cropchem 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. Sharda Cropchem's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.77%.

Sharda Cropchem ROCE % Historical Data

The historical data trend for Sharda Cropchem'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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Sharda Cropchem ROCE % Chart

Sharda Cropchem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.98

19.42

24.71

19.64

3.12

Sharda Cropchem Quarterly Data
	Jun19	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															43.29	-17.40	-5.25	2.34	31.77

Sharda Cropchem ROCE % Calculation

Sharda Cropchem'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 )
	=	754.905	/	( ( (43508.279 - 19705.596)	+	(40383.224 - 15805.494) )	/ 2 )
	=	754.905	/	( (23802.683	+	24577.73)	/ 2 )
	=	754.905	/	24190.2065
	=	3.12 %

Sharda Cropchem'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 )
	=	7807.532	/	( ( (0 - 0)	+	(40383.224 - 15805.494) )	/ 1 )
	=	7807.532	/	( ( 0	+	24577.73 )	/ 1 )
	=	7807.532	/	24577.73
	=	31.77 %

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

Sharda Cropchem (BOM:538666) 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.

Sharda Cropchem ROCE % Related Terms

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Sharda Cropchem (BOM:538666) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sharda Cropchem Ltd (BOM:538666) » Definitions » ROCE %

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SHARDACROP:India

Address

Dashrathlal Joshi Road, 2nd Floor, Prime Business Park, Vile Parle (West), Mumbai, MH, IND, 400 056

Website

http://www.shardacropchem.com

Sharda Cropchem Ltd is an agrochemical company based in India. It markets and sells formulations and active ingredients for agricultural purposes world wide through its subsidiaries. its business is obtained from the European continent. Its customers are also spread across North America, Latin America, and the Rest of the world. The company functions through two segments, which are Agrochemicals, and Non Agrochemicals. The company earns its income through the development and sale of agrochemicals such as insecticides, herbicides, fungicides, and biocides. The company also sells conveyor belts and V-belts under the belts segment.

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