Shimmick (Shimmick) ROCE % : -97.19% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Shimmick 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. Shimmick's annualized ROCE % for the quarter that ended in Mar. 2024 was -97.19%.

Shimmick ROCE % Historical Data

The historical data trend for Shimmick'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.

* Premium members only.

Shimmick ROCE % Chart

Shimmick Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-206.08

-37.82

-31.96

Shimmick Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-46.36	-	8.34	-42.34	-97.19

Shimmick ROCE % Calculation

Shimmick's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-41.753	/	( ( (446.799 - 340.944)	+	(426.652 - 271.253) )	/ 2 )
	=	-41.753	/	( (105.855	+	155.399)	/ 2 )
	=	-41.753	/	130.627
	=	-31.96 %

Shimmick'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 )
	=	-128.112	/	( ( (426.652 - 271.253)	+	(377.993 - 269.752) )	/ 2 )
	=	-128.112	/	( ( 155.399	+	108.241 )	/ 2 )
	=	-128.112	/	131.82
	=	-97.19 %

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

Shimmick (NAS:SHIM) 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.

Shimmick ROCE % Related Terms

Thank you for viewing the detailed overview of Shimmick's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shimmick (Shimmick) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Technology Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.shimmick.com

Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

Shimmick (Shimmick) Headlines

From GuruFocus

Shimmick Corp (SHIM) Reports Solid Earnings Amidst Strategic Shifts

By GuruFocus Research • 12-19-2023