Cochin Shipyard (NSE:COCHINSHIP) ROCE % : 26.80% (As of Dec. 2023)

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What is Cochin Shipyard 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. Cochin Shipyard's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.80%.

Cochin Shipyard ROCE % Historical Data

The historical data trend for Cochin Shipyard'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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Cochin Shipyard ROCE % Chart

Cochin Shipyard Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.10

23.34

19.46

17.06

9.53

Cochin Shipyard Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.08	5.80	11.93	20.09	26.80

Cochin Shipyard ROCE % Calculation

Cochin Shipyard's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	4693.951	/	( ( (84137.253 - 34627.017)	+	(100209.162 - 51210.352) )	/ 2 )
	=	4693.951	/	( (49510.236	+	48998.81)	/ 2 )
	=	4693.951	/	49254.523
	=	9.53 %

Cochin Shipyard's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	13929.8	/	( ( (109581.683 - 57604.084)	+	(0 - 0) )	/ 1 )
	=	13929.8	/	( ( 51977.599	+	0 )	/ 1 )
	=	13929.8	/	51977.599
	=	26.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Cochin Shipyard (NSE:COCHINSHIP) 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.

Cochin Shipyard ROCE % Related Terms

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Cochin Shipyard (NSE:COCHINSHIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cochin Shipyard Ltd (NSE:COCHINSHIP) » Definitions » ROCE %

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540678:India

Address

Administrative Building, Cochin Shipyard Premises, Perumanoor, Ernakulam, Kochi, KL, IND, 682 015

Website

https://www.cochinshipyard.in

Cochin Shipyard Ltd is an Indian-based company engaged in the business activities of Shipbuilding and Ship repair. The company has two operating segments, namely, Shipbuilding and Repair of Ships/Offshore Structures. It generates maximum revenue from the Shipbuilding segment. The Shipbuilding segment offers products such as Oil Tankers, Bulk Carriers, Electric Passenger Ferries, Pax Vessels, Tugs, Aircraft Carriers, Pollution Control Vessels, and many more. The Ship repair segment includes maintenance and repair of all types of vessels including Tankers, Bulk Carriers, Aircraft Carriers, Defense Vessels, and all kinds of Commercial and Specialized vessels.

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