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Rockingdeals Circular Economy (NSE:ROCKINGDCE) ROCE % : 35.37% (As of Mar. 2024)


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What is Rockingdeals Circular Economy 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. Rockingdeals Circular Economy's annualized ROCE % for the quarter that ended in Mar. 2024 was 35.37%.

Rockingdeals Circular Economy ROCE % Historical Data

The historical data trend for Rockingdeals Circular Economy'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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Rockingdeals Circular Economy ROCE % Chart

Rockingdeals Circular Economy Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROCE %
6.18 8.83 35.18 35.37

Rockingdeals Circular Economy Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
ROCE % 6.18 8.83 35.18 35.37

Rockingdeals Circular Economy ROCE % Calculation

Rockingdeals Circular Economy'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 )
=75.225/( ( (122.66 - 49.152) + (401.367 - 49.541) )/ 2 )
=75.225/( (73.508+351.826)/ 2 )
=75.225/212.667
=35.37 %

Rockingdeals Circular Economy'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: Mar. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=75.225/( ( (122.66 - 49.152) + (401.367 - 49.541) )/ 2 )
=75.225/( ( 73.508 + 351.826 )/ 2 )
=75.225/212.667
=35.37 %

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

* 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.

Rockingdeals Circular Economy  (NSE:ROCKINGDCE) 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.

Rockingdeals Circular Economy ROCE % Related Terms

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Rockingdeals Circular Economy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rockingdeals Circular Economy Ltd (NSE:ROCKINGDCE) » Definitions » ROCE %
Comparable Companies
Traded in Other Exchanges
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Address
Mile Stone, 12/3, NH 44, Mathura Road, Sector 37, Near Sarai Metro Station, Sarai Khawaja Village, Faridabad, HR, IND, 121003
Website
https://www.rockingdeals.in
Rockingdeals Circular Economy Ltd is engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products and refurbished products. These products range in several categories such as small home appliances, apparel, kitchenware and household, speaker & mobile accessories, large appliances, footwear, etc. These products are generally of various brands such as Samsung, Thomson, MI, LG, symphony, ZARA, Nike, Reebok, Campus, Sony, JBL, Boat, Gizmore, One Plus, etc.

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