Coventry Coil-O-Matic (Haryana) (BOM:523415) ROCE % : 0.00% (As of Sep. 2023)

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What is Coventry Coil-O-Matic (Haryana) 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. Coventry Coil-O-Matic (Haryana)'s annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Coventry Coil-O-Matic (Haryana) ROCE % Historical Data

The historical data trend for Coventry Coil-O-Matic (Haryana)'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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Coventry Coil-O-Matic (Haryana) ROCE % Chart

Coventry Coil-O-Matic (Haryana) Annual Data

Trend

Mar14

Mar15

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Mar23

ROCE %

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Coventry Coil-O-Matic (Haryana) Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Coventry Coil-O-Matic (Haryana) ROCE % Calculation

Coventry Coil-O-Matic (Haryana)'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 )
	=	10.222	/	( ( (142.601 - 226.115)	+	(203.427 - 283.517) )	/ 2 )
	=	10.222	/	( (-83.514	+	-80.09)	/ 2 )
	=	10.222	/	-81.802
	=	-12.50 %

Coventry Coil-O-Matic (Haryana)'s ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-36.168	/	( ( (0 - 0)	+	(240.839 - 336.465) )	/ 1 )
	=	-36.168	/	( ( 0	+	-95.626 )	/ 1 )
	=	-36.168	/	-95.626
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Coventry Coil-O-Matic (Haryana) (BOM:523415) 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.

Coventry Coil-O-Matic (Haryana) ROCE % Related Terms

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Coventry Coil-O-Matic (Haryana) (BOM:523415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Coventry Coil-O-Matic (Haryana) Ltd (BOM:523415) » Definitions » ROCE %

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Address

87 KM, Delhi – Jaipur Road (NH-8), Village Salawas, PO Sangwari, Rewari, HR, IND, 123 401

Website

https://www.coilomatic.com

Coventry Coil-O-Matic (Haryana) Ltd is engaged in the manufacturing of Auto Suspension Springs as well as Power Brake Actuator Springs for Commercial Vehicles. It also offers barrel, conical, hour-glass, pig-tail clutches, circuit breakers, dampers, dies, motors, pressure switches, pressure plates, trunk lid, door checker, hinges, engine valves, and ejectors. The Company is primarily engaged in the manufacturing of Cold-Formed Coil Springs. Geographically it operates through the region of India.

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