Shree Steelwire Ropes (BOM:513488) ROCE % : -0.69% (As of Dec. 2023)

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What is Shree Steelwire Ropes 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 Steelwire Ropes's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.69%.

Shree Steelwire Ropes ROCE % Historical Data

The historical data trend for Shree Steelwire Ropes'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 Steelwire Ropes ROCE % Chart

Shree Steelwire Ropes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.45

22.79

9.97

2.03

7.79

Shree Steelwire Ropes 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															17.93	3.46	1.45	-5.42	-0.69

Shree Steelwire Ropes ROCE % Calculation

Shree Steelwire Ropes'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 )
	=	10.806	/	( ( (158.057 - 22.555)	+	(158.866 - 16.806) )	/ 2 )
	=	10.806	/	( (135.502	+	142.06)	/ 2 )
	=	10.806	/	138.781
	=	7.79 %

Shree Steelwire Ropes'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 )
	=	-0.924	/	( ( (150.326 - 16.305)	+	(0 - 0) )	/ 1 )
	=	-0.924	/	( ( 134.021	+	0 )	/ 1 )
	=	-0.924	/	134.021
	=	-0.69 %

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

Shree Steelwire Ropes (BOM:513488) 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 Steelwire Ropes ROCE % Related Terms

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Shree Steelwire Ropes (BOM:513488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shree Steelwire Ropes Ltd (BOM:513488) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Plot No. 10, 19th Road, 503, 504, 505, 5th Floor, Shiv Ashish Commercial Complex, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.sswrl.com

Shree Steelwire Ropes Ltd is an Indian company is engaged in the manufacturing and supply of steel Wire Rope, Wire Rope Allied Products, and Railway OHE products. It is used in general Engineering, Shipping, Fishing, Mining, Oil Well Exploration, Constructions, Aerial Application, Deep Sea Exploration, and other industries. It operates in one single primary business segment which is Steel Wire Ropes Manufacturing.

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