Shree Pacetronix (BOM:527005) ROCE % : 22.16% (As of Dec. 2023)

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What is Shree Pacetronix 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 Pacetronix's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.16%.

Shree Pacetronix ROCE % Historical Data

The historical data trend for Shree Pacetronix'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 Pacetronix ROCE % Chart

Shree Pacetronix Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.72

11.22

7.38

19.98

56.91

Shree Pacetronix 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															50.25	111.32	49.67	32.62	22.16

Shree Pacetronix ROCE % Calculation

Shree Pacetronix'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 )
	=	48.672	/	( ( (121.792 - 51.419)	+	(165.411 - 64.746) )	/ 2 )
	=	48.672	/	( (70.373	+	100.665)	/ 2 )
	=	48.672	/	85.519
	=	56.91 %

Shree Pacetronix'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 )
	=	26.344	/	( ( (204.192 - 85.324)	+	(0 - 0) )	/ 1 )
	=	26.344	/	( ( 118.868	+	0 )	/ 1 )
	=	26.344	/	118.868
	=	22.16 %

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

Shree Pacetronix (BOM:527005) 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 Pacetronix ROCE % Related Terms

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Shree Pacetronix (BOM:527005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shree Pacetronix Ltd (BOM:527005) » Definitions » ROCE %

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N/A

Address

Plot Number 15, Sector II, Industrial Area, District Dhar, Pithampur, MP, IND, 454775

Website

https://www.pacetronix.com

Shree Pacetronix Ltd is engaged in the manufacturing of medical and surgical equipment and orthopedic appliances. It is in the business of manufacturing and selling Implantable Cardiac Pacemakers. Pacemakers are anti-bradycardia implantable devices intended for permanent ventricular or atrial pacing applications. The Company is engaged in only one segment i.e. manufacturing of pacemakers. It sells its life-saving devices in India and internationally, of which the majority of revenue is generated from the sales made in India.

Shree Pacetronix (BOM:527005) Headlines

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