Commex Technology (BOM:532342) ROCE % : 0.00% (As of Dec. 2020)

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What is Commex Technology 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. Commex Technology's annualized ROCE % for the quarter that ended in Dec. 2020 was 0.00%.

Commex Technology ROCE % Historical Data

The historical data trend for Commex Technology'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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Commex Technology ROCE % Chart

Commex Technology Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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1.17

-80.92

-189.52

Commex Technology Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Commex Technology ROCE % Calculation

Commex Technology's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-5.288	/	( ( (68.235 - 82.381)	+	(66.378 - 85.812) )	/ 2 )
	=	-5.288	/	( (-14.146	+	-19.434)	/ 2 )
	=	-5.288	/	-16.79
	=	31.49 %

Commex Technology's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-4.956	/	( ( (64.969 - 85.557)	+	(0 - 0) )	/ 1 )
	=	-4.956	/	( ( -20.588	+	0 )	/ 1 )
	=	-4.956	/	-20.588
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Commex Technology (BOM:532342) 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.

Commex Technology ROCE % Related Terms

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Commex Technology (BOM:532342) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Commex Technology Ltd (BOM:532342) » Definitions » ROCE %

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Address

Old Nagardas Road, B-401, Unit No.- 42, 4th Floor, Vasudev Chamber, Opposite Wilson Pen Company, Andheri (East), Mumbai, MH, IND, 400069

Website

http://www.commextechnology.com

Commex Technology Ltd is a technology and consulting service provider. The company is primarily engaged in the provision of software products and solutions to the capital and commodities markets. In addition, the company provides IT consulting services and solutions. Its services include custom application development, application management, package implementation, onsite consultancy, offshore outsourcing and information technology consulting.

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