Shilp Gravures (BOM:513709) ROCE % : 13.49% (As of Dec. 2023)

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What is Shilp Gravures 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. Shilp Gravures's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.49%.

Shilp Gravures ROCE % Historical Data

The historical data trend for Shilp Gravures'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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Shilp Gravures ROCE % Chart

Shilp Gravures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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14.31

4.73

17.55

12.90

12.50

Shilp Gravures 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															10.98	9.55	19.77	18.15	13.49

Shilp Gravures ROCE % Calculation

Shilp Gravures'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 )
	=	109.836	/	( ( (969.687 - 128.495)	+	(1053.941 - 138.09) )	/ 2 )
	=	109.836	/	( (841.192	+	915.851)	/ 2 )
	=	109.836	/	878.5215
	=	12.50 %

Shilp Gravures'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 )
	=	131.692	/	( ( (1103.7 - 127.782)	+	(0 - 0) )	/ 1 )
	=	131.692	/	( ( 975.918	+	0 )	/ 1 )
	=	131.692	/	975.918
	=	13.49 %

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

Shilp Gravures (BOM:513709) 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.

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Shilp Gravures (BOM:513709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shilp Gravures Ltd (BOM:513709) » Definitions » ROCE %

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Address

Maple Trade Center, 7th Floor, 715 to 717, Near Surdhara Circle, Thaltej, Ahmedabad, GJ, IND, 380058

Website

https://www.shilpgravures.com

Shilp Gravures Ltd is an India-based company, which offers engraved copper rollers and printing plates. It serves various sections of the gravure industry, such as flexible packaging, Anilox rollers, polyvinyl chloride (PVC) flooring, artificial leather, gift wrapper, security printing, and transfer printing. The company's segments includes manufacture of engraved copper rollers and energy generation through wind mill. The Engraved Copper Roller segment derives the majority revenue engaged in the manufacture of engraved copper rollers. The Wind Mill segment is engaged in energy generation through the windmill.

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