Containe Technologies (BOM:543606) ROCE % : 14.18% (As of Mar. 2024)

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What is Containe Technologies 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. Containe Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.18%.

Containe Technologies ROCE % Historical Data

The historical data trend for Containe Technologies'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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Containe Technologies ROCE % Chart

Containe Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

11.44

8.96

6.09

9.76

17.22

Containe Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	11.32	8.91	20.39	14.18

Containe Technologies ROCE % Calculation

Containe Technologies'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 )
	=	22.73	/	( ( (153.845 - 32.036)	+	(207.297 - 65.182) )	/ 2 )
	=	22.73	/	( (121.809	+	142.115)	/ 2 )
	=	22.73	/	131.962
	=	17.22 %

Containe Technologies's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	19.496	/	( ( (189.279 - 56.474)	+	(207.297 - 65.182) )	/ 2 )
	=	19.496	/	( ( 132.805	+	142.115 )	/ 2 )
	=	19.496	/	137.46
	=	14.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Containe Technologies (BOM:543606) 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.

Containe Technologies ROCE % Related Terms

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Containe Technologies (BOM:543606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Containe Technologies Ltd (BOM:543606) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gokul Nagar, Marriguda, House No. 3-13-142/ 341P, 342, Mallapur, Secunderabad, Hyderabad, TG, IND, 500076

Website

https://www.containe.in

Containe Technologies Ltd is engaged in the business of Automobile Safety and GPS solutions in the Automobile Sector. The company manufactures a wide range of technology-intensive electronic and mechanical automotive products.

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