Coromandel International (BOM:506395) ROCE % : 11.35% (As of Mar. 2024)

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What is Coromandel International 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. Coromandel International's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.35%.

Coromandel International ROCE % Historical Data

The historical data trend for Coromandel International'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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Coromandel International ROCE % Chart

Coromandel International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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38.83

36.32

34.12

38.04

25.86

Coromandel International 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															18.57	33.51	43.59	14.33	11.35

Coromandel International ROCE % Calculation

Coromandel International'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 )
	=	23750.2	/	( ( (142348 - 58564.9)	+	(158515 - 58635.5) )	/ 2 )
	=	23750.2	/	( (83783.1	+	99879.5)	/ 2 )
	=	23750.2	/	91831.3
	=	25.86 %

Coromandel International'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 )
	=	11336.8	/	( ( (0 - 0)	+	(158515 - 58635.5) )	/ 1 )
	=	11336.8	/	( ( 0	+	99879.5 )	/ 1 )
	=	11336.8	/	99879.5
	=	11.35 %

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

Coromandel International (BOM:506395) 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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Coromandel International (BOM:506395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Coromandel International Ltd (BOM:506395) » Definitions » ROCE %

Comparable Companies

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COROMANDEL:India

Address

1-2-10, Sardar Patel Road, Coromandel House, Secunderabad, TG, IND, 500003

Website

https://www.coromandel.biz

Coromandel International Ltd manufactures and sells fertilizers and crop protection chemicals to the agriculture industry. The firm's revenue is generated in India, but the company also derives revenue in Latin America and Africa. The company's main product lines consist of organic manure, specialty nutrients that include water soluble fertilizers, and single super phosphate fertilizers. Coromandel's primary brands include Gromor Suraksha and Godavari fertilizers. The firm also owns and operates retail outlets known as Mana Grormor Centers.

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