Cords Cable Industries (BOM:532941) ROCE % : 23.41% (As of Dec. 2024)

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What is Cords Cable 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. Cords Cable Industries's annualized ROCE % for the quarter that ended in Dec. 2024 was 23.41%.

Cords Cable Industries ROCE % Historical Data

The historical data trend for Cords Cable 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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Cords Cable Industries ROCE % Chart

Cords Cable Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.74

15.56

15.91

16.60

18.83

Cords Cable Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															18.53	18.09	21.28	20.37	23.41

Cords Cable Industries ROCE % Calculation

Cords Cable 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 )
	=	356.077	/	( ( (3366.175 - 1509.624)	+	(3616.612 - 1692.051) )	/ 2 )
	=	356.077	/	( (1856.551	+	1924.561)	/ 2 )
	=	356.077	/	1890.556
	=	18.83 %

Cords Cable 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 )
	=	457.732	/	( ( (3713.657 - 1758.074)	+	(0 - 0) )	/ 1 )
	=	457.732	/	( ( 1955.583	+	0 )	/ 1 )
	=	457.732	/	1955.583
	=	23.41 %

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

Cords Cable Industries (BOM:532941) 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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Cords Cable Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cords Cable Industries Ltd (BOM:532941) » Definitions » ROCE %

Traded in Other Exchanges

CORDSCABLE:India

Address

Shambhu Dayal Bagh Marg, Near Okhla Industrial Area Phase-III, 94, First Floor, Old Ishwar Nagar, New Delhi, IND, 110020

Website

http://www.cordscable.com

Cords Cable Industries Ltd is engaged in offering electrical wires and cables. It is focused on specialized control and instrumentation cables. It designs, develops and manufactures a varied range of Instrumentation, Control, Thermocouple Extension/ Compensating, Power and Communication cables. The company's products include Fieldbus Cables, FireSave-Fire Survival Cables, EPR Cables, XtremeTemp - Low Temperature Cables, ToxFree-Low Smoke Zero Halogen Cables, Oil and Gas Cables, Water Desalination and Special Custom Designed Hybrid Cables and Cordsol- photovoltaic (PV) Solar Cables.

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