Concord Control Systems (BOM:543619) ROCE % : 50.28% (As of Mar. 2024)

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What is Concord Control Systems 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. Concord Control Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 50.28%.

Concord Control Systems ROCE % Historical Data

The historical data trend for Concord Control Systems'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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Concord Control Systems ROCE % Chart

Concord Control Systems Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

39.34

42.98

51.94

49.54

50.94

Concord Control Systems Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	67.29	42.97	64.85	50.28

Concord Control Systems ROCE % Calculation

Concord Control Systems'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 )
	=	175.038	/	( ( (297.684 - 78.528)	+	(602.323 - 134.2) )	/ 2 )
	=	175.038	/	( (219.156	+	468.123)	/ 2 )
	=	175.038	/	343.6395
	=	50.94 %

Concord Control Systems'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	188.138	/	( ( (352.38 - 72.102)	+	(602.323 - 134.2) )	/ 2 )
	=	188.138	/	( ( 280.278	+	468.123 )	/ 2 )
	=	188.138	/	374.2005
	=	50.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Concord Control Systems (BOM:543619) 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.

Concord Control Systems ROCE % Related Terms

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Concord Control Systems (BOM:543619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Concord Control Systems Ltd (BOM:543619) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Deva Road, G-36, U.P.S.I.D.C, Industrial Area, Lucknow, UP, IND, 226019

Website

https://www.concordgroup.in

Concord Control Systems Ltd is engaged in the business of manufacturing and supply of coach-related and electrification products for Indian Railways and other Railway Contractors. The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting System, Brushless DC carriage fan, Exhaust fans, Cable Jackets, Bellows and others.

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