Shamrock Industrial Co (BOM:531240) ROCE % : -11.10% (As of Dec. 2023)

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What is Shamrock Industrial Co 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. Shamrock Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -11.10%.

Shamrock Industrial Co ROCE % Historical Data

The historical data trend for Shamrock Industrial Co'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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Shamrock Industrial Co ROCE % Chart

Shamrock Industrial Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-10.35

-8.67

-13.87

-10.35

-6.96

Shamrock Industrial Co Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial														-8.04	-5.01	-13.44	19.42	-11.10

Shamrock Industrial Co ROCE % Calculation

Shamrock Industrial Co'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 )
	=	-1.278	/	( ( (19.392 - 0.398)	+	(18.013 - 0.305) )	/ 2 )
	=	-1.278	/	( (18.994	+	17.708)	/ 2 )
	=	-1.278	/	18.351
	=	-6.96 %

Shamrock Industrial Co'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 )
	=	-1.996	/	( ( (18.293 - 0.308)	+	(0 - 0) )	/ 1 )
	=	-1.996	/	( ( 17.985	+	0 )	/ 1 )
	=	-1.996	/	17.985
	=	-11.10 %

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

Shamrock Industrial Co (BOM:531240) 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.

Shamrock Industrial Co ROCE % Related Terms

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Shamrock Industrial Co (BOM:531240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Shamrock Industrial Co Ltd (BOM:531240) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Off Dr. E. Moses Road, 83-E, Hansraj Pragji Building, Worli, Mumbai, MH, IND, 400 018

Website

https://shamrockindustrial.wordpress.com

Shamrock Industrial Co Ltd offers a diverse range of manufacturing of Pharmaceuticals and drug products and allied business activities Its Three segments which are Branded Prescription drugs, Over-the-Counter (OTC) drugs and Generic Prescription drugs account for a majority of global bulk drug consumption. Its product categories include Manufacturing Products; Contract Manufacturing Products and Outsourcing Products. The company's divisions include BPC, Medivet, Research and Development, ERP, Nviro Chemstock, and Nutrasciences.

Shamrock Industrial Co (BOM:531240) Headlines

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