Shipping of India Land and Assets (BOM:544142) ROCE % : 1.72% (As of Dec. 2024)

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What is Shipping of India Land and Assets 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. Shipping of India Land and Assets's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.72%.

Shipping of India Land and Assets ROCE % Historical Data

The historical data trend for Shipping of India Land and Assets'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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Shipping of India Land and Assets ROCE % Chart

Shipping of India Land and Assets Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-0.10

0.55

1.72

Shipping of India Land and Assets Quarterly Data
	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial					-	1.13	2.02	2.19	1.72

Shipping of India Land and Assets ROCE % Calculation

Shipping of India Land and Assets'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 )
	=	551.1	/	( ( (34264.7 - 2437.2)	+	(34982 - 2742.5) )	/ 2 )
	=	551.1	/	( (31827.5	+	32239.5)	/ 2 )
	=	551.1	/	32033.5
	=	1.72 %

Shipping of India Land and Assets'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 )
	=	553.2	/	( ( (35145.7 - 2960)	+	(0 - 0) )	/ 1 )
	=	553.2	/	( ( 32185.7	+	0 )	/ 1 )
	=	553.2	/	32185.7
	=	1.72 %

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

Shipping of India Land and Assets (BOM:544142) 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.

Shipping of India Land and Assets ROCE % Related Terms

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Shipping of India Land and Assets Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shipping Corp of India Land and Assets Ltd (BOM:544142) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SCILAL:India

Address

Madame Cama Road, 245, Shipping House, Mumbai, MH, IND, 400021

Website

https://www.scilal.com

Shipping Corp of India Land and Assets Ltd is a wholly owned subsidiary of The Shipping Corporation of India (sci) and is formed to hold and dispose of the Non-Core Assets of SCI distinct from the disinvestment transaction. The operating segments of the company are; MTI and Others. The MTI segment includes the Maritime Training Institute. The Others segment which generates maximum revenue, includes Investment property which involves renting the real estate properties to the Shipping Corporation of India (SCI) and surplus funds received pursuant to demerger. Geographically, the company's operations are confined in India.

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