Corporate Courier and Cargo (BOM:526737) ROCE % : -8.43% (As of Dec. 2022)

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What is Corporate Courier and Cargo 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. Corporate Courier and Cargo's annualized ROCE % for the quarter that ended in Dec. 2022 was -8.43%.

Corporate Courier and Cargo ROCE % Historical Data

The historical data trend for Corporate Courier and Cargo'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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Corporate Courier and Cargo ROCE % Chart

Corporate Courier and Cargo Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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55.09

107.84

24.12

75.56

35.62

Corporate Courier and Cargo Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROCE %	Get a 7-Day Free Trial															93.83	-68.78	-7.89	-15.67	-8.43

Corporate Courier and Cargo ROCE % Calculation

Corporate Courier and Cargo's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	2.134	/	( ( (10.304 - 4.056)	+	(13.801 - 8.066) )	/ 2 )
	=	2.134	/	( (6.248	+	5.735)	/ 2 )
	=	2.134	/	5.9915
	=	35.62 %

Corporate Courier and Cargo's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Sep. 2022 )		(Q: Dec. 2022 )
	=	-0.456	/	( ( (13.453 - 8.046)	+	(13.453 - 8.046) )	/ 2 )
	=	-0.456	/	( ( 5.407	+	5.407 )	/ 2 )
	=	-0.456	/	5.407
	=	-8.43 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2022) EBIT data.

Corporate Courier and Cargo (BOM:526737) 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.

Corporate Courier and Cargo ROCE % Related Terms

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Corporate Courier and Cargo (BOM:526737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Corporate Courier and Cargo Ltd (BOM:526737) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Parsi Panchayat Road, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.corporate-couriers.com

Corporate Courier and Cargo Ltd are engaged in providing real estate services. The company also provides logistics services and provides infrastructure services. It generates maximum revenue from logistics services. Geographically, the company operates within India.

Corporate Courier and Cargo (BOM:526737) Headlines

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