Shoora Designs (BOM:543970) ROCE % : -10.86% (As of Sep. 2024)

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What is Shoora Designs 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. Shoora Designs's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.86%.

Shoora Designs ROCE % Historical Data

The historical data trend for Shoora Designs'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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Shoora Designs ROCE % Chart

Shoora Designs Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-100.00

207.72

18.99

0.44

Shoora Designs Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	4.95	-3.01	-10.86

Shoora Designs ROCE % Calculation

Shoora Designs'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 )
	=	0.109	/	( ( (16.896 - 1.038)	+	(34.921 - 1.086) )	/ 2 )
	=	0.109	/	( (15.858	+	33.835)	/ 2 )
	=	0.109	/	24.8465
	=	0.44 %

Shoora Designs'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 )
	=	-5.804	/	( ( (34.921 - 1.086)	+	(75.723 - 2.669) )	/ 2 )
	=	-5.804	/	( ( 33.835	+	73.054 )	/ 2 )
	=	-5.804	/	53.4445
	=	-10.86 %

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

Shoora Designs (BOM:543970) 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.

Shoora Designs ROCE % Related Terms

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Shoora Designs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shoora Designs Ltd (BOM:543970) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Haththupura char rasta, LT House No.7/3388/A, 6th floor, C/1, 601, Diamond Apartments Co-op Housing Society, Surat, GJ, IND, 395003

Website

https://www.shooradesigns.com

Shoora Designs Ltd is engaged in the business of procuring rough diamonds through suppliers, internally planning and mapping rough diamonds, and out-souring the process of cleaving, laser cutting, and polishing from local job-workers in the domestic market of Surat, and is selling the said polished cut-diamonds to the wholesalers or retailers with business concentration pre-dominantly in Surat, Gujarat, and the newly-explored market of Mumbai, Maharashtra.

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