Sheetal Cool Products (BOM:540757) ROCE % : 33.12% (As of Mar. 2024)

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What is Sheetal Cool Products 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. Sheetal Cool Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 33.12%.

Sheetal Cool Products ROCE % Historical Data

The historical data trend for Sheetal Cool Products'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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Sheetal Cool Products ROCE % Chart

Sheetal Cool Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.01

12.53

26.31

28.71

27.69

Sheetal Cool Products Quarterly Data
	Mar16	Mar17	Jun17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															24.92	20.45	18.88	19.18	33.12

Sheetal Cool Products ROCE % Calculation

Sheetal Cool Products'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 )
	=	371.071	/	( ( (2267.294 - 980.063)	+	(2347.514 - 954.292) )	/ 2 )
	=	371.071	/	( (1287.231	+	1393.222)	/ 2 )
	=	371.071	/	1340.2265
	=	27.69 %

Sheetal Cool Products'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 )
	=	461.388	/	( ( (0 - 0)	+	(2347.514 - 954.292) )	/ 1 )
	=	461.388	/	( ( 0	+	1393.222 )	/ 1 )
	=	461.388	/	1393.222
	=	33.12 %

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

Sheetal Cool Products (BOM:540757) 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.

Sheetal Cool Products ROCE % Related Terms

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Sheetal Cool Products (BOM:540757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sheetal Cool Products Ltd (BOM:540757) » Definitions » ROCE %

Traded in Other Exchanges

SCPL:India

Address

Plot No. 75 to 81, G.I.D.C. Estate, Amreli, GJ, IND, 365601

Website

https://www.sheetalicecream.com

Sheetal Cool Products Ltd is engaged in the manufacture and sale of ice cream and related products. Its product includes take home; cups; cones; candies; kulfi; cakes and pastries; novelties; and sugar-free. The company has two primary segments namely Milk and Milk Products and Namkeen Products. The majority of the firm's revenue gets derived from the Milk and Milk products segment.

Sheetal Cool Products (BOM:540757) Headlines

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