CG Power & Industrial Solutions (NSE:CGPOWER) ROCE % : 39.22% (As of Mar. 2024)

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What is CG Power & Industrial Solutions 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. CG Power & Industrial Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 39.22%.

CG Power & Industrial Solutions ROCE % Historical Data

The historical data trend for CG Power & Industrial Solutions'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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CG Power & Industrial Solutions ROCE % Chart

CG Power & Industrial Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-5,806.04

75.58

63.30

47.12

CG Power & Industrial Solutions 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															61.36	57.05	57.75	46.35	39.22

CG Power & Industrial Solutions ROCE % Calculation

CG Power & Industrial Solutions'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 )
	=	11609.2	/	( ( (46291.1 - 27793.1)	+	(56257.4 - 25480.8) )	/ 2 )
	=	11609.2	/	( (18498	+	30776.6)	/ 2 )
	=	11609.2	/	24637.3
	=	47.12 %

CG Power & Industrial Solutions'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 )
	=	12070.8	/	( ( (0 - 0)	+	(56257.4 - 25480.8) )	/ 1 )
	=	12070.8	/	( ( 0	+	30776.6 )	/ 1 )
	=	12070.8	/	30776.6
	=	39.22 %

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

CG Power & Industrial Solutions (NSE:CGPOWER) 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.

CG Power & Industrial Solutions ROCE % Related Terms

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CG Power & Industrial Solutions (NSE:CGPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CG Power & Industrial Solutions Ltd (NSE:CGPOWER) » Definitions » ROCE %

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500093:India

Address

Dr. Annie Besant Road, 6th Floor, CG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cgglobal.com

CG Power & Industrial Solutions Ltd is an India based company engaged in providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy. It has two business segments. Power Systems segment includes products and services from ultra-high-voltage, high voltage, medium voltage and low voltage like transformer, switchgear, and turnkey projects whereas the Industrial Systems segment include rotating machines of power and ratings, automated AC, DC, and variable frequency drives and control systems like electric motors, alternators, drives, traction electronics, and SCADA. It operates in India and internationally and generates its revenues majorly from the Industrial systems segment within India.

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