Chandni Machines (BOM:542627) ROCE % : 4.14% (As of Dec. 2024)

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What is Chandni Machines 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. Chandni Machines's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.14%.

Chandni Machines ROCE % Historical Data

The historical data trend for Chandni Machines'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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Chandni Machines ROCE % Chart

Chandni Machines Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.80

1.36

34.65

6.90

29.14

Chandni Machines 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															28.40	6.66	56.71	16.83	4.14

Chandni Machines ROCE % Calculation

Chandni Machines'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 )
	=	24.207	/	( ( (126.232 - 50.663)	+	(168.018 - 77.463) )	/ 2 )
	=	24.207	/	( (75.569	+	90.555)	/ 2 )
	=	24.207	/	83.062
	=	29.14 %

Chandni Machines'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 )
	=	4.208	/	( ( (230.559 - 128.966)	+	(0 - 0) )	/ 1 )
	=	4.208	/	( ( 101.593	+	0 )	/ 1 )
	=	4.208	/	101.593
	=	4.14 %

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

Chandni Machines (BOM:542627) 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.

Chandni Machines ROCE % Related Terms

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Chandni Machines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Chandni Machines Ltd (BOM:542627) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

52 S.K. Ahire Marg, 108/109, T.V. Industrial Estate, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cml.net.in

Chandni Machines Ltd is engaged in the trading of engineering goods and related items. It is involved in the business of manufacturing, buying, selling, reselling, importing, exporting all kinds of injection moulding machines. It offers Plastic and rubber machinery, Metal working, Machinery handling and Testing equipment. In addition, it also provides after-sales service through qualified professional technical persons. The group primarily operates in India.

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