QVC Exports (NSE:QVCEL) ROCE % : 16.94% (As of Mar. 2024)

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What is QVC Exports 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. QVC Exports's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.94%.

QVC Exports ROCE % Historical Data

The historical data trend for QVC Exports'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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QVC Exports ROCE % Chart

QVC Exports Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

7.59

7.34

12.54

27.42

QVC Exports Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	38.21	16.94

QVC Exports ROCE % Calculation

QVC Exports'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 )
	=	95.893	/	( ( (648.981 - 317.25)	+	(938.623 - 571.018) )	/ 2 )
	=	95.893	/	( (331.731	+	367.605)	/ 2 )
	=	95.893	/	349.668
	=	27.42 %

QVC Exports'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	61.014	/	( ( (1187.389 - 834.606)	+	(938.623 - 571.018) )	/ 2 )
	=	61.014	/	( ( 352.783	+	367.605 )	/ 2 )
	=	61.014	/	360.194
	=	16.94 %

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

QVC Exports (NSE:QVCEL) 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.

QVC Exports ROCE % Related Terms

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QVC Exports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » QVC Exports Ltd (NSE:QVCEL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

EM Bypass, 6th Floor, South City Business Park 770, Anandapur, Adarsha Nagar, E.K.T, Kolkata, WB, IND, 700107

Website

https://www.qvcgroup.com

QVC Exports Ltd is engaged in the business of dealing in ferro alloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon. It is also engaged in the dealing in raw materials for manufacturing of steel.

QVC Exports Headlines

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