Cargosol Logistics (BOM:543621) ROCE % : 8.79% (As of Sep. 2023)

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What is Cargosol Logistics 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. Cargosol Logistics's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.79%.

Cargosol Logistics ROCE % Historical Data

The historical data trend for Cargosol Logistics'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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Cargosol Logistics ROCE % Chart

Cargosol Logistics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

21.06

23.55

41.97

18.99

Cargosol Logistics Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	28.33	13.06	8.79

Cargosol Logistics ROCE % Calculation

Cargosol Logistics'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 )
	=	59.682	/	( ( (578.234 - 334.243)	+	(645.794 - 261.139) )	/ 2 )
	=	59.682	/	( (243.991	+	384.655)	/ 2 )
	=	59.682	/	314.323
	=	18.99 %

Cargosol Logistics'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	33.212	/	( ( (645.794 - 261.139)	+	(713.065 - 341.622) )	/ 2 )
	=	33.212	/	( ( 384.655	+	371.443 )	/ 2 )
	=	33.212	/	378.049
	=	8.79 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Cargosol Logistics (BOM:543621) 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.

Cargosol Logistics ROCE % Related Terms

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Cargosol Logistics (BOM:543621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Cargosol Logistics Ltd (BOM:543621) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahar Road, 502, Swaroop Arcade, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.cargosol.com

Cargosol Logistics Ltd is a complete 3 PL (third-party logistics) service provider, delivering end-to-end solutions in the logistics and supply chain domain involving multimodal transport operations, owning and operating container, sea and air freight, transportation, warehousing, custom clearance services and handling of project cargo.

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