DCM Shriram (NSE:DCMSHRIRAM) ROCE % : 19.42% (As of Dec. 2023)

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What is DCM Shriram 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. DCM Shriram's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.42%.

DCM Shriram ROCE % Historical Data

The historical data trend for DCM Shriram'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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DCM Shriram ROCE % Chart

DCM Shriram Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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30.12

20.58

17.38

25.11

19.27

DCM Shriram Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															27.65	14.44	5.46	2.99	19.42

DCM Shriram ROCE % Calculation

DCM Shriram's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	14592.4	/	( ( (93708.9 - 23789.1)	+	(107218.5 - 25660.7) )	/ 2 )
	=	14592.4	/	( (69919.8	+	81557.8)	/ 2 )
	=	14592.4	/	75738.8
	=	19.27 %

DCM Shriram's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	16151.2	/	( ( (109805.8 - 26640.6)	+	(0 - 0) )	/ 1 )
	=	16151.2	/	( ( 83165.2	+	0 )	/ 1 )
	=	16151.2	/	83165.2
	=	19.42 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

DCM Shriram (NSE:DCMSHRIRAM) 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.

DCM Shriram ROCE % Related Terms

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DCM Shriram (NSE:DCMSHRIRAM) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DCM Shriram Ltd (NSE:DCMSHRIRAM) » Definitions » ROCE %

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523367:India

Address

Aerocity, 2 Floor (West Wing), World Mark-1, New Delhi, IND, 110037

Website

https://www.dcmshriram.com

DCM Shriram Ltd is an Indian conglomerate company which comprises of Agri-Rural, Chlor-Vinyl and value-added businesses. The company's business activities include the manufacture of fertilisers and pesticides, basic inorganic chemicals N.E.C and refining sugar. The company produces Urea & SSP fertilisers, sugar, farm inputs such as DAP, caustic soda, chlorine, calcium carbide, PVC resins, PVC compounds, power, and cement. Its Agri-input business produces hybrid seeds, pesticides, Bulk fertilizers, micro-nutrients and other value-added inputs. In addition, company engaged in research, production, processing, extension activities and marketing. The company manages its business in six segments; Fertilisers, Chloro-Vinyl, Shriram Farm solution, Bioseed, Sugar, and others.

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