Committed Cargo Care (NSE:COMMITTED) ROCE % : 13.49% (As of Sep. 2024)

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What is Committed Cargo Care 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. Committed Cargo Care's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.49%.

Committed Cargo Care ROCE % Historical Data

The historical data trend for Committed Cargo Care'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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Committed Cargo Care ROCE % Chart

Committed Cargo Care Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

12.32

16.68

18.30

26.33

12.83

Committed Cargo Care Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			27.95	26.10	22.39	9.66	13.49

Committed Cargo Care ROCE % Calculation

Committed Cargo Care'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 )
	=	57.546	/	( ( (401.513 - 99.5)	+	(695.613 - 100.34) )	/ 2 )
	=	57.546	/	( (302.013	+	595.273)	/ 2 )
	=	57.546	/	448.643
	=	12.83 %

Committed Cargo Care's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	81.952	/	( ( (695.613 - 100.34)	+	(683.341 - 63.341) )	/ 2 )
	=	81.952	/	( ( 595.273	+	620 )	/ 2 )
	=	81.952	/	607.6365
	=	13.49 %

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

Committed Cargo Care (NSE:COMMITTED) 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.

Committed Cargo Care ROCE % Related Terms

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Committed Cargo Care Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Committed Cargo Care Ltd (NSE:COMMITTED) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No.4, Street No.8, A-406, Ground Floor, Mahipalpur Extension, New Delhi, IND, 110037

Website

https://www.committedgroup.com

Committed Cargo Care Ltd is a 3PL (third-party Logistic) provider that specializes in handling Import & Export Cargo and provides integrated services to its customers. The Company provides services such as Custom Brokerage, Air Freight, Express Freight, Sea Freight, Document Processing, Multi Modal Facility, 4PL & Supply Chain Management, Packaging & Warehousing and Tracking & Tracing.

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