Charms Industries (BOM:531327) ROCE % : -42.04% (As of Dec. 2023)

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What is Charms 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. Charms Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -42.04%.

Charms Industries ROCE % Historical Data

The historical data trend for Charms 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.

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Charms Industries ROCE % Chart

Charms Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-5.95

-17.47

-40.95

-26.56

-38.47

Charms Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-43.37	-50.35	-41.63	47.64	-42.04

Charms Industries ROCE % Calculation

Charms Industries'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 )
	=	-1.439	/	( ( (5.606 - 1.152)	+	(6.148 - 3.121) )	/ 2 )
	=	-1.439	/	( (4.454	+	3.027)	/ 2 )
	=	-1.439	/	3.7405
	=	-38.47 %

Charms Industries's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.292	/	( ( (7.288 - 4.215)	+	(0 - 0) )	/ 1 )
	=	-1.292	/	( ( 3.073	+	0 )	/ 1 )
	=	-1.292	/	3.073
	=	-42.04 %

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

Charms Industries (BOM:531327) 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.

Charms Industries ROCE % Related Terms

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Charms Industries (BOM:531327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Charms Industries Ltd (BOM:531327) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

108-B/109, Sampada Building, Mithakali Six Roads, Opposite Hare Krishna Complex, Behind Kiran Motors, Ahmedabad, GJ, IND, 380 009

Website

http://www.charmsindustries.co.in

Charms Industries Ltd is an RBI registered full-fledged money changer. In money changing, the company provides an array of products and services including buying and selling of foreign currency notes, servicing of co-branded International prepaid multicurrency travel cards, issuance of foreign currency demand drafts, travelers' cheques and outward telegraphic remittances, including outbound remittances towards student fees, film shoots, tour remittances etc. and also extend encasements of foreign currency demand drafts, travelers' cheques and forex prepaid cards.

Charms Industries (BOM:531327) Headlines

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