Carnation Industries (BOM:530609) ROCE % : -64.95% (As of Dec. 2024)

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What is Carnation Industries 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. Carnation Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was -64.95%.

Carnation Industries ROCE % Historical Data

The historical data trend for Carnation Industries'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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Carnation Industries ROCE % Chart

Carnation Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-19.36

-29.60

22.16

Carnation Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-64.95

Carnation Industries ROCE % Calculation

Carnation Industries's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-3.594	/	( ( (13.379 - 33.484)	+	(13.038 - 38.741) )	/ 2 )
	=	-3.594	/	( (-20.105	+	-25.703)	/ 2 )
	=	-3.594	/	-22.904
	=	15.69 %

Carnation Industries's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-8.812	/	( ( (18.922 - 5.354)	+	(0 - 0) )	/ 1 )
	=	-8.812	/	( ( 13.568	+	0 )	/ 1 )
	=	-8.812	/	13.568
	=	-64.95 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Carnation Industries (BOM:530609) 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.

Carnation Industries ROCE % Related Terms

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Carnation Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carnation Industries Ltd (BOM:530609) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

222, A. J. C. Bose Road, 1st Floor, Room No. 7 and 8, Kolkata, WB, IND, 700017

Website

https://www.carnationindustries.com

Carnation Industries Ltd is currently looking for trading options. Previously, the company was engaged in the manufacture of foundry-based engineering goods namely Castings having plants in West Bengal.

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