Shigan Quantum Technologies (NSE:SHIGAN) ROCE % : 14.32% (As of Sep. 2023)

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What is Shigan Quantum Technologies 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. Shigan Quantum Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.32%.

Shigan Quantum Technologies ROCE % Historical Data

The historical data trend for Shigan Quantum Technologies'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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Shigan Quantum Technologies ROCE % Chart

Shigan Quantum Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

51.77

40.44

34.60

31.36

Shigan Quantum Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	58.55	1.48	14.32

Shigan Quantum Technologies ROCE % Calculation

Shigan Quantum Technologies'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 )
	=	83.23	/	( ( (0 - 23.858)	+	(1272.47 - 717.873) )	/ 2 )
	=	83.23	/	( (-23.858	+	554.597)	/ 2 )
	=	83.23	/	265.3695
	=	31.36 %

Shigan Quantum Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	86.83	/	( ( (1272.47 - 717.873)	+	(1391.661 - 733.324) )	/ 2 )
	=	86.83	/	( ( 554.597	+	658.337 )	/ 2 )
	=	86.83	/	606.467
	=	14.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Shigan Quantum Technologies (NSE:SHIGAN) 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.

Shigan Quantum Technologies ROCE % Related Terms

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Shigan Quantum Technologies (NSE:SHIGAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shigan Quantum Technologies Ltd (NSE:SHIGAN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alier Bhangrola Road, Shyam Udyog Parisar, IMT Manesa, Gurugram, HR, IND, 122052

Website

https://www.shigan-quantum.com

Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of Alternate Fuel Systems Components including Compressed Natural Gas, Liquefied natural gas, Hydrogen Fuel Kit systems for original equipment manufacturer suppliers to auto industries The company manufactures Alternate Fuel Systems for heavy duty vehicles, light duty vehicles, and off- highway applications.

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