Shirpur Gold Refinery ROIC
What is the ROIC of Shirpur Gold Refinery?
The ROIC of Shirpur Gold Refinery Limited is -4.81%
What is the definition of ROIC?
Return on invested capital (ROIC) is a financial ratio that measures how efficient a company is at allocating the capital under its control to profitable investments.
= NOPAT / Invested capital = EBIT * (1 - tax rate) / (2-year average liabilities + 2-year average shareholder equity)
Return on invested capital (ROIC) ratio gives investors a sense of how well a company is using money under its control to generate profitable returns.
ROIC can be used as a benchmark to calculate the valuation of companies across industries. A higher ROIC means the company is doing a better job of investing the money from shareholders and bondholders to run the business. A company is creating value if its ROIC exceeds 2%. If its ROIC is under 2%, the company is likely destroying value and has no excess capital to invest in future growth.
You can calculate ROIC with the following formula:
NOPAT = Net operating profit after tax
Invested Capital = Average total liabilities + Average shareholders' equity
The averages of liabilities and shareholders' equity are calculated as geometrical averages of the last two annual values from the company's balance sheet.
ROIC of companies in the Materials sector on NSE compared to Shirpur Gold Refinery
What does Shirpur Gold Refinery do?
Shirpur Gold Refinery Limited, together with its subsidiaries, engages in refining, manufacturing, trading, and marketing of precious metal products in India. The company offers gold bars, gold coins, and gold jewelry. It also exports its gold jewelry. The company was formerly known as Agee Gold Refiners Limited and changed its name to Shirpur Gold Refinery Limited in March 2002. Shirpur Gold Refinery Limited was incorporated in 1984 and is based in Mumbai, India.
Companies with roic similar to Shirpur Gold Refinery
- Tejas Networks has ROIC of -4.84%
- Pentamedia Graphics has ROIC of -4.83%
- Oryzon Genomics S.A has ROIC of -4.83%
- Thomas Cook (India) has ROIC of -4.83%
- Adtran has ROIC of -4.83%
- Decarbonization Plus Acquisition has ROIC of -4.83%
- Shirpur Gold Refinery has ROIC of -4.81%
- Ardea Resources has ROIC of -4.81%
- Birla Tyres has ROIC of -4.81%
- Mahindra Lifespace Developers has ROIC of -4.80%
- Ariana Resources Plc has ROIC of -4.78%
- Sunrun has ROIC of -4.78%
- Sunrun has ROIC of -4.78%