The Shipping of India (NSE:SCI) ROCE % : 5.98% (As of Dec. 2024)

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What is The Shipping of India 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. The Shipping of India's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.98%.

The Shipping of India ROCE % Historical Data

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

The Shipping of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.05

7.88

10.00

10.94

8.96

The Shipping of India 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															8.94	11.40	14.75	13.83	5.98

The Shipping of India ROCE % Calculation

The Shipping of India'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 )
	=	7989.5	/	( ( (114429.8 - 27921.5)	+	(120999 - 29162.1) )	/ 2 )
	=	7989.5	/	( (86508.3	+	91836.9)	/ 2 )
	=	7989.5	/	89172.6
	=	8.96 %

The Shipping of India'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 )
	=	5906	/	( ( (116953.9 - 18155.8)	+	(0 - 0) )	/ 1 )
	=	5906	/	( ( 98798.1	+	0 )	/ 1 )
	=	5906	/	98798.1
	=	5.98 %

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

The Shipping of India (NSE:SCI) 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.

The Shipping of India ROCE % Related Terms

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The Shipping of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Shipping Corp of India Ltd (NSE:SCI) » Definitions » ROCE %

Traded in Other Exchanges

523598:India

Address

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

Website

http://www.shipindia.com

The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger, and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the other segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.