Colombo Dockyard (COL:DOCK.N0000) ROCE % : -298.99% (As of Sep. 2023)

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What is Colombo Dockyard 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. Colombo Dockyard's annualized ROCE % for the quarter that ended in Sep. 2023 was -298.99%.

Colombo Dockyard ROCE % Historical Data

The historical data trend for Colombo Dockyard'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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Colombo Dockyard ROCE % Chart

Colombo Dockyard Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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4.55

-13.11

-8.82

9.88

24.22

Colombo Dockyard 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															-11.35	171.47	21.72	-89.37	-298.99

Colombo Dockyard ROCE % Calculation

Colombo Dockyard's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	2180.152	/	( ( (27189.26 - 18676.182)	+	(51379.854 - 41887.261) )	/ 2 )
	=	2180.152	/	( (8513.078	+	9492.593)	/ 2 )
	=	2180.152	/	9002.8355
	=	24.22 %

Colombo Dockyard'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 )
	=	-21970.152	/	( ( (46936.468 - 40591.513)	+	(43118.918 - 34767.87) )	/ 2 )
	=	-21970.152	/	( ( 6344.955	+	8351.048 )	/ 2 )
	=	-21970.152	/	7348.0015
	=	-298.99 %

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

Colombo Dockyard (COL:DOCK.N0000) 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.

Colombo Dockyard ROCE % Related Terms

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Colombo Dockyard (COL:DOCK.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Colombo Dockyard PLC (COL:DOCK.N0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Graving Docks, Port of Colombo, P.O. Box 906, Colombo, LKA, 15

Website

https://www.cdl.lk

Colombo Dockyard PLC is an investment holding company. The company's operating segment includes Ship repair; Shipbuilding; Heavy engineering Material and offshore engineering with a Japanese collaboration.. It generates maximum revenue from the Ship repair segment. Ship repair segment includes Tankers; General cargo; Container carriers; Passenger vessels; Fishing trawlers; Tugs; LPG tankers; Dredgers; Navel vessels; Cement carriers; Livestock carriers; Offshore support vessels; Barge; Bulk carriers; Research vessel and others.

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