CMI (BOM:517330) ROCE % : 0.00% (As of Jun. 2023)

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What is CMI 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. CMI's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

CMI ROCE % Historical Data

The historical data trend for CMI'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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CMI ROCE % Chart

CMI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.80

12.91

-64.01

-121.91

CMI Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-49.93	3.16	-99.42	-	-

CMI ROCE % Calculation

CMI'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 )
	=	-1167.861	/	( ( (4361.091 - 3971.997)	+	(3149.794 - 4066.594) )	/ 2 )
	=	-1167.861	/	( (389.094	+	-916.8)	/ 2 )
	=	-1167.861	/	-263.853
	=	442.62 %

CMI's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-152.048	/	( ( (3149.794 - 4066.594)	+	(0 - 0) )	/ 1 )
	=	-152.048	/	( ( -916.8	+	0 )	/ 1 )
	=	-152.048	/	-916.8
	=	0 %

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

CMI (BOM:517330) 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.

CMI ROCE % Related Terms

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CMI (BOM:517330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CMI Ltd (BOM:517330) » Definitions » ROCE %

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CMICABLES:India

Address

PD-II, Jhilmil Metro Station, Jhilmil Industrial Area, New Delhi, IND, 110095

Website

https://www.cmilimited.in

CMI Ltd is engaged in the business of manufacturing cables for various industries including railways, oil and gas, telecommunications, energy, industrial, power, and petrochemicals. The product portfolio of the company consists of electric cables, submarine cables, control cables, special cables, and extra high voltage (EHV) cables. The products are used for transmitting signals, gas insulation, supplying power, fire detection, and others. Geographically the company operates in India and outside India, out of which the majority of revenue is from India. It is present in the entire value chain of the Wire and Cables Industry. Starting from Design, Development, Manufacturing, and Testing to Marketing and Distribution.

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