Shivam Autotech (BOM:532776) ROCE % : 8.15% (As of Dec. 2024)

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What is Shivam Autotech 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. Shivam Autotech's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.15%.

Shivam Autotech ROCE % Historical Data

The historical data trend for Shivam Autotech'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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Shivam Autotech ROCE % Chart

Shivam Autotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.64

8.71

9.76

4.86

2.83

Shivam Autotech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															2.11	8.27	6.83	9.21	8.15

Shivam Autotech ROCE % Calculation

Shivam Autotech's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	81.529	/	( ( (6561.442 - 3262.2)	+	(5646.808 - 3188.185) )	/ 2 )
	=	81.529	/	( (3299.242	+	2458.623)	/ 2 )
	=	81.529	/	2878.9325
	=	2.83 %

Shivam Autotech's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	147.344	/	( ( (5408.76 - 3600.603)	+	(0 - 0) )	/ 1 )
	=	147.344	/	( ( 1808.157	+	0 )	/ 1 )
	=	147.344	/	1808.157
	=	8.15 %

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

Shivam Autotech (BOM:532776) 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.

Shivam Autotech ROCE % Related Terms

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Shivam Autotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shivam Autotech Ltd (BOM:532776) » Definitions » ROCE %

Traded in Other Exchanges

SHIVAMAUTO:India

Address

Golf Course Extension Road, 10, 1st Floor, Tower A, Sector 61, Emaar Digital Greens, Gurugram, HR, IND, 122102

Website

https://www.shivamautotech.com

Shivam Autotech Ltd is a manufacturer of transmission gears and shafts in India. The company produces a variety of auto transmission components mainly for Original Equipment Manufacturers (OEMs). Its product portfolio includes various types of transmission gears, transmission shafts, spline shafts, plungers, power train components, and employing cold. warm, and hot forging techniques. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.

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