Shivalic Power Control (NSE:SPCL) ROCE % : 38.89% (As of Mar. 2023)

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What is Shivalic Power Control 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. Shivalic Power Control's annualized ROCE % for the quarter that ended in Mar. 2023 was 38.89%.

Shivalic Power Control ROCE % Historical Data

The historical data trend for Shivalic Power Control'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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Shivalic Power Control ROCE % Chart

Shivalic Power Control Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

13.34

14.69

38.89

Shivalic Power Control Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	13.34	14.69	38.89

Shivalic Power Control ROCE % Calculation

Shivalic Power Control's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	118.717	/	( ( (609.756 - 339.43)	+	(582.7 - 242.423) )	/ 2 )
	=	118.717	/	( (270.326	+	340.277)	/ 2 )
	=	118.717	/	305.3015
	=	38.89 %

Shivalic Power Control's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	118.717	/	( ( (609.756 - 339.43)	+	(582.7 - 242.423) )	/ 2 )
	=	118.717	/	( ( 270.326	+	340.277 )	/ 2 )
	=	118.717	/	305.3015
	=	38.89 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Shivalic Power Control (NSE:SPCL) 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.

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Shivalic Power Control Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shivalic Power Control Ltd (NSE:SPCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 72, Sector- 68, IMT, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://shivalic.com

Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.

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