Shiv Aum Steels (NSE:SHIVAUM) ROCE % : 22.28% (As of Sep. 2024)

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What is Shiv Aum Steels 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 Aum Steels's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.28%.

Shiv Aum Steels ROCE % Historical Data

The historical data trend for Shiv Aum Steels'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 Aum Steels ROCE % Chart

Shiv Aum Steels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.15

9.34

24.51

24.76

18.64

Shiv Aum Steels Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial										33.95	15.41	22.09	15.06	22.28

Shiv Aum Steels ROCE % Calculation

Shiv Aum Steels'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 )
	=	205.45	/	( ( (1630.071 - 580.498)	+	(1833.802 - 679.348) )	/ 2 )
	=	205.45	/	( (1049.573	+	1154.454)	/ 2 )
	=	205.45	/	1102.0135
	=	18.64 %

Shiv Aum Steels'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 )
	=	265.31	/	( ( (1833.802 - 679.348)	+	(1958.225 - 730.758) )	/ 2 )
	=	265.31	/	( ( 1154.454	+	1227.467 )	/ 2 )
	=	265.31	/	1190.9605
	=	22.28 %

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

Shiv Aum Steels (NSE:SHIVAUM) 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 Aum Steels ROCE % Related Terms

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Shiv Aum Steels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shiv Aum Steels Ltd (NSE:SHIVAUM) » Definitions » ROCE %

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Address

Western Express Way, A.K. Road, Office No. 515, The Summit Business Bay, Opposite PVR Cinemas, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.shivaumsteels.com

Shiv Aum Steels Ltd is engaged in trading mild steel products such as beams, angles, plates, channels, coils, and Thermo mechanically treated (TMT) bars. It operates as a trader, stockist, and distributor of steel products. The product offerings range from different types of Beams, Angles, Channels, TMT Bars, Rails, Sheets, Plates, and Coils including various sub-categories of the said products like I-beam, H-beam, L-shaped angles, T-shaped angles, C-channels and Sheets and Plates of varied thickness and dimensions. The company derives revenue from rendering of the engineering consultancy services.

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