Shashwat Furnishing Solutions (BOM:543519) ROCE % : 9.77% (As of Sep. 2024)

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What is Shashwat Furnishing Solutions 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. Shashwat Furnishing Solutions's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.77%.

Shashwat Furnishing Solutions ROCE % Historical Data

The historical data trend for Shashwat Furnishing Solutions'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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Shashwat Furnishing Solutions ROCE % Chart

Shashwat Furnishing Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

15.44

4.57

-16.38

Shashwat Furnishing Solutions Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			4.98	3.72	-16.28	-16.50	9.77

Shashwat Furnishing Solutions ROCE % Calculation

Shashwat Furnishing Solutions'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 )
	=	-7.532	/	( ( (57.9 - 5.863)	+	(54.861 - 14.942) )	/ 2 )
	=	-7.532	/	( (52.037	+	39.919)	/ 2 )
	=	-7.532	/	45.978
	=	-16.38 %

Shashwat Furnishing Solutions's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	3.908	/	( ( (54.861 - 14.942)	+	(47.181 - 7.114) )	/ 2 )
	=	3.908	/	( ( 39.919	+	40.067 )	/ 2 )
	=	3.908	/	39.993
	=	9.77 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Shashwat Furnishing Solutions (BOM:543519) 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.

Shashwat Furnishing Solutions ROCE % Related Terms

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Shashwat Furnishing Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shashwat Furnishing Solutions Ltd (BOM:543519) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

121, Mahaveer Nagar, K.N. Nagar, Jain Colony, Jodhpur, RJ, IND, 342001

Website

https://www.handicraftsvillage.com

Shashwat Furnishing Solutions Ltd is an Indian handicrafts manufacturer and supplier. It is engaged in the processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture, Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks, and various other decoration and handicrafts objects.

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