Lippi Systems (BOM:526604) ROCE % : -5.86% (As of Dec. 2023)

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What is Lippi Systems 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. Lippi Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.86%.

Lippi Systems ROCE % Historical Data

The historical data trend for Lippi Systems'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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Lippi Systems ROCE % Chart

Lippi Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.28

3.48

-0.07

5.82

-8.65

Lippi Systems 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															-7.20	-10.94	-4.51	-4.48	-5.86

Lippi Systems ROCE % Calculation

Lippi Systems'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 )
	=	-21.725	/	( ( (273.633 - 11.507)	+	(245.929 - 5.481) )	/ 2 )
	=	-21.725	/	( (262.126	+	240.448)	/ 2 )
	=	-21.725	/	251.287
	=	-8.65 %

Lippi Systems'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 )
	=	-13.68	/	( ( (243.415 - 8.317)	+	(240.406 - 8.705) )	/ 2 )
	=	-13.68	/	( ( 235.098	+	231.701 )	/ 2 )
	=	-13.68	/	233.3995
	=	-5.86 %

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

Lippi Systems (BOM:526604) 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.

Lippi Systems ROCE % Related Terms

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Lippi Systems (BOM:526604) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lippi Systems Ltd (BOM:526604) » Definitions » ROCE %

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Address

132ft Ring Road, Satellite, 3rd Floor, Satya Complex, Opposite IOC Petrol Pump, Near Ashwamegh-IV, Ahmedabad, GJ, IND, 380015

Website

https://www.lippisystems.com

Lippi Systems Ltd is engaged in the manufacture of rotogravure cylinders by digital engraving process in India. The company has two business segments namely Manufacturing of Engraved Cylinders and Power Generation through Windmills. Its products are used in rotogravure printing, anilox rollers for flexo, adhesive coating, and decorative printing. The company generates maximum revenue from the Power Generation through the Windmill segment.

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