Chromatic India (LUX:168089) ROCE % : -4.84% (As of Sep. 2020)

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What is Chromatic India 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. Chromatic India's annualized ROCE % for the quarter that ended in Sep. 2020 was -4.84%.

Chromatic India ROCE % Historical Data

The historical data trend for Chromatic India'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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Chromatic India ROCE % Chart

Chromatic India Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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0.06

0.08

0.03

-0.05

-0.14

Chromatic India Quarterly Data
	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
ROCE %	Get a 7-Day Free Trial															-0.69	-0.20	-0.77	-0.68	-4.84

Chromatic India ROCE % Calculation

Chromatic India'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 )
	=	-0.074	/	( ( (62.907 - 9.745)	+	(54.828 - 2.912) )	/ 2 )
	=	-0.074	/	( (53.162	+	51.916)	/ 2 )
	=	-0.074	/	52.539
	=	-0.14 %

Chromatic India's ROCE % of for the quarter that ended in Sep. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2020 )		(Q: Jun. 2020 )		(Q: Sep. 2020 )
	=	-1.816	/	( ( (0 - 0)	+	(40.512 - 2.964) )	/ 1 )
	=	-1.816	/	( ( 0	+	37.548 )	/ 1 )
	=	-1.816	/	37.548
	=	-4.84 %

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

Chromatic India (LUX:168089) 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.

Chromatic India ROCE % Related Terms

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Chromatic India (LUX:168089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chromatic India Ltd (LUX:168089) » Definitions » ROCE %

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N/A

Address

501, Maker Chamber V, 221, Nariman Point, Mumbai, Maharashtra, IND, 400021

Website

http://www.chromatic.in

Chromatic India Ltd is an Indian based chemical manufacturing company. It is currently in the business of manufacturing, trading, and export of Synthetic Organic dyes and chemicals. It is a manufacturer and supplier of chemical dyes, dye intermediates, and basic chemicals. Its products include dyestuff based on cyanuric chloride, which includes Chromactive Yellow E - XN, ChromactiveRosso E - XN and Chromactive Navy E - XN; double anchor type, which includes ChromazolYellow BF-3RS. Geographically, the company operates through Domestic and the overseas segments.

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