Cosmo First (BOM:508814) ROCE % : 6.03% (As of Dec. 2023)

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What is Cosmo First 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. Cosmo First's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.03%.

Cosmo First ROCE % Historical Data

The historical data trend for Cosmo First'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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Cosmo First ROCE % Chart

Cosmo First Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.73

16.29

27.91

33.54

17.05

Cosmo First 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															12.85	6.78	6.42	9.17	6.03

Cosmo First ROCE % Calculation

Cosmo First'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 )
	=	3432	/	( ( (27595.5 - 8587.9)	+	(31278.7 - 10028.1) )	/ 2 )
	=	3432	/	( (19007.6	+	21250.6)	/ 2 )
	=	3432	/	20129.1
	=	17.05 %

Cosmo First'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 )
	=	1328.8	/	( ( (33477.2 - 11436.2)	+	(0 - 0) )	/ 1 )
	=	1328.8	/	( ( 22041	+	0 )	/ 1 )
	=	1328.8	/	22041
	=	6.03 %

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

Cosmo First (BOM:508814) 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.

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Cosmo First (BOM:508814) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Cosmo First Ltd (BOM:508814) » Definitions » ROCE %

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COSMOFIRST:India

Address

1008, DLF Tower - A, Jasola District Centre, Jasola Vihar, New Delhi, IND, 110025

Website

https://www.cosmofirst.com

Cosmo First Ltd is engaged in specialty films for packaging, lamination, and labeling. The company offers sustainable solutions to industries, including food, beverage, personal care, and pharmaceuticals. Cosmo First Limited has three main business segments -Cosmo Films, Cosmo Specialty Chemicals, and Zigly. geographically its revenue generates from Packaging films.

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