Ceylon Grain Elevators (COL:GRAN.N0000) ROCE % : 32.58% (As of Mar. 2024)

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What is Ceylon Grain Elevators 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. Ceylon Grain Elevators's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.58%.

Ceylon Grain Elevators ROCE % Historical Data

The historical data trend for Ceylon Grain Elevators'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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Ceylon Grain Elevators ROCE % Chart

Ceylon Grain Elevators Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.36

17.57

16.09

11.43

36.75

Ceylon Grain Elevators Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.17	35.91	48.49	38.28	32.58

Ceylon Grain Elevators ROCE % Calculation

Ceylon Grain Elevators's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	5168.61	/	( ( (15344.447 - 3027.807)	+	(18908.04 - 3095.421) )	/ 2 )
	=	5168.61	/	( (12316.64	+	15812.619)	/ 2 )
	=	5168.61	/	14064.6295
	=	36.75 %

Ceylon Grain Elevators'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	5142.744	/	( ( (18908.04 - 3095.421)	+	(19425.889 - 3671.013) )	/ 2 )
	=	5142.744	/	( ( 15812.619	+	15754.876 )	/ 2 )
	=	5142.744	/	15783.7475
	=	32.58 %

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

Ceylon Grain Elevators (COL:GRAN.N0000) 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.

Ceylon Grain Elevators ROCE % Related Terms

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Ceylon Grain Elevators (COL:GRAN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ceylon Grain Elevators PLC (COL:GRAN.N0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 15, Rock House Lane, Colombo, LKA, 15

Website

https://www.prima.com.lk

Ceylon Grain Elevators PLC is engaged in poultry activities. Its segments include Milling and farming, Poultry breeding and commercial, and others. The majority of the revenue is generated from the Milling and farming segment which includes manufacturing and selling poultry feed, other animal feed, poultry processing, importing, and selling drugs and vaccines. The Poultry breeding and commercial segment include the breeding of commercial day-old chicks and broiler farming and provision of hatchery services and the Others segment includes the provision of warehouse facilities and trading.

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