Shish Industries (BOM:540693) ROCE % : 31.10% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shish Industries 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. Shish Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.10%.

Shish Industries ROCE % Historical Data

The historical data trend for Shish Industries'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.

Shish Industries ROCE % Chart

Shish Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

15.96

19.44

24.56

34.67

24.55

Shish Industries Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															32.64	25.00	21.94	20.26	31.10

Shish Industries ROCE % Calculation

Shish Industries'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 )
	=	120.872	/	( ( (544.305 - 181.072)	+	(862.074 - 240.606) )	/ 2 )
	=	120.872	/	( (363.233	+	621.468)	/ 2 )
	=	120.872	/	492.3505
	=	24.55 %

Shish Industries'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 )
	=	193.264	/	( ( (0 - 0)	+	(862.074 - 240.606) )	/ 1 )
	=	193.264	/	( ( 0	+	621.468 )	/ 1 )
	=	193.264	/	621.468
	=	31.10 %

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

Shish Industries (BOM:540693) 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.

Shish Industries ROCE % Related Terms

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

Shish Industries (BOM:540693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shish Industries Ltd (BOM:540693) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No: 265/ 266, Block No: 290, Plot No. 18 to 23, B/1 Paiki 1, Pipodara, Mangrol, Surat, GJ, IND, 394 110

Website

https://www.shishindustries.com

Shish Industries Ltd is a manufacturer of plastic corrugated sheets. It also manufactures Saffguard and Stagguard which is a twin wall or Multi-Wall Boards made from plastic resin. The company's products include Polypropylene Corrugated Sheet, Reflective Insulation Product- Carmika, dunnage bags, water tank insulation cover, Sticky traps, Insulation Cover, Cooler Bags, and Others. The company is primarily engaged in the business of Corrugated Plastic Sheets.

Shish Industries (BOM:540693) Headlines

No Headlines