Globe International Carriers (NSE:GICL) ROCE % : 15.26% (As of Mar. 2022)

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What is Globe International Carriers 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. Globe International Carriers's annualized ROCE % for the quarter that ended in Mar. 2022 was 15.26%.

Globe International Carriers ROCE % Historical Data

The historical data trend for Globe International Carriers'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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Globe International Carriers ROCE % Chart

Globe International Carriers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.45

10.65

11.15

12.45

15.44

Globe International Carriers Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial													11.41	10.06	10.09	15.26	-

Globe International Carriers ROCE % Calculation

Globe International Carriers'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 )
	=	48.034	/	( ( (638.179 - 329.881)	+	(598.438 - 284.688) )	/ 2 )
	=	48.034	/	( (308.298	+	313.75)	/ 2 )
	=	48.034	/	311.024
	=	15.44 %

Globe International Carriers's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	45.388	/	( ( (501.038 - 214.525)	+	(638.179 - 329.881) )	/ 2 )
	=	45.388	/	( ( 286.513	+	308.298 )	/ 2 )
	=	45.388	/	297.4055
	=	15.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2022) EBIT data.

Globe International Carriers (NSE:GICL) 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.

Globe International Carriers ROCE % Related Terms

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Globe International Carriers (NSE:GICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globe International Carriers Ltd (NSE:GICL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Mayank Trade Centre, Station Road, 301 - 306, Prakash deep Complex, Jaipur, RJ, IND, 302006

Website

http://www.gicl.co

Globe International Carriers Ltd is an Indian company engaged in the business of providing services for transportation as a Goods Transport Agency. Its services include supply chain management, customs clearance, bulk transportation, transportation of all types of industries goods, bulk transportation, and other related services through open/closed body vehicles and two/three/four-wheeler vehicles, as well as packing and unpacking services of goods. The company provides services within India.

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