Shivalik Bimetal Controls (BOM:513097) ROCE % : 38.31% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Shivalik Bimetal Controls 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. Shivalik Bimetal Controls's annualized ROCE % for the quarter that ended in Mar. 2024 was 38.31%.

Shivalik Bimetal Controls ROCE % Historical Data

The historical data trend for Shivalik Bimetal Controls'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.

* Premium members only.

Shivalik Bimetal Controls ROCE % Chart

Shivalik Bimetal Controls Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

15.09

24.68

40.75

43.15

35.63

Shivalik Bimetal Controls Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															34.63	39.69	34.79	29.44	38.31

Shivalik Bimetal Controls ROCE % Calculation

Shivalik Bimetal Controls'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 )
	=	1166.843	/	( ( (3897.276 - 952.678)	+	(4427.662 - 821.932) )	/ 2 )
	=	1166.843	/	( (2944.598	+	3605.73)	/ 2 )
	=	1166.843	/	3275.164
	=	35.63 %

Shivalik Bimetal Controls'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1381.344	/	( ( (0 - 0)	+	(4427.662 - 821.932) )	/ 1 )
	=	1381.344	/	( ( 0	+	3605.73 )	/ 1 )
	=	1381.344	/	3605.73
	=	38.31 %

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

Shivalik Bimetal Controls (BOM:513097) 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.

Shivalik Bimetal Controls ROCE % Related Terms

Thank you for viewing the detailed overview of Shivalik Bimetal Controls's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shivalik Bimetal Controls (BOM:513097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shivalik Bimetal Controls Ltd (BOM:513097) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SBCL:India

Address

H-2, Suneja Chambers, 2nd Floor, Alaknanda Commercial Complex, Kalkaji, New Delhi, IND, 110019

Website

https://www.shivalikbimetals.com

Shivalik Bimetal Controls Ltd is an integrated manufacturer and seller of thermostatic bimetal/tri-metal strips, component, EB welded products, cold bonded bimetal strips, and parts. Company has single segment i.e. Process and Product Engineering. It specializes in the joining of material through various methods such as diffusion bonding/cladding, electron beam welding, solder reflow, and resistance welding. The company caters to various industries applications which include Electronics, Automotive, Domestic Appliances, Industrial, Medical, Defence and Agriculture and Animal Husbandry Appliances. Geographically, it derives a majority of revenue from Rest of the world.

Shivalik Bimetal Controls (BOM:513097) Headlines

No Headlines