Shiv Texchem (BOM:544272) ROCE % : 26.99% (As of Mar. 2024)

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What is Shiv Texchem 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. Shiv Texchem's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.99%.

Shiv Texchem ROCE % Historical Data

The historical data trend for Shiv Texchem'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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Shiv Texchem ROCE % Chart

Shiv Texchem Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

13.56

21.09

26.99

Shiv Texchem Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	13.56	21.09	26.99

Shiv Texchem ROCE % Calculation

Shiv Texchem'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 )
	=	597.254	/	( ( (6023.498 - 4194.799)	+	(7986.805 - 5389.205) )	/ 2 )
	=	597.254	/	( (1828.699	+	2597.6)	/ 2 )
	=	597.254	/	2213.1495
	=	26.99 %

Shiv Texchem's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	597.254	/	( ( (6023.498 - 4194.799)	+	(7986.805 - 5389.205) )	/ 2 )
	=	597.254	/	( ( 1828.699	+	2597.6 )	/ 2 )
	=	597.254	/	2213.1495
	=	26.99 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2024) EBIT data.

Shiv Texchem (BOM:544272) 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.

Shiv Texchem ROCE % Related Terms

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Shiv Texchem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiv Texchem Ltd (BOM:544272) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Hasmukh Nagar, 602, 6th Floor, Savoy Chamber, Santacruz West, Mumbai, MH, IND, 400 054

Website

https://shivtexchem.com

Shiv Texchem Ltd is engaged in importing and distributing hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have applications across a wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, and specialty industrial chemicals.

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