Cosmo Ferrites (BOM:523100) ROCE % : 8.61% (As of Mar. 2024)

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What is Cosmo Ferrites 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. Cosmo Ferrites's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.61%.

Cosmo Ferrites ROCE % Historical Data

The historical data trend for Cosmo Ferrites'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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Cosmo Ferrites ROCE % Chart

Cosmo Ferrites Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-22.99

15.03

58.90

15.02

8.25

Cosmo Ferrites Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.40	13.86	9.26	0.66	8.61

Cosmo Ferrites ROCE % Calculation

Cosmo Ferrites'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 )
	=	49.1	/	( ( (1253.532 - 607.207)	+	(1192.2 - 648.5) )	/ 2 )
	=	49.1	/	( (646.325	+	543.7)	/ 2 )
	=	49.1	/	595.0125
	=	8.25 %

Cosmo Ferrites'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	46.8	/	( ( (0 - 0)	+	(1192.2 - 648.5) )	/ 1 )
	=	46.8	/	( ( 0	+	543.7 )	/ 1 )
	=	46.8	/	543.7
	=	8.61 %

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

Cosmo Ferrites (BOM:523100) 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.

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Cosmo Ferrites (BOM:523100) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cosmo Ferrites Ltd (BOM:523100) » Definitions » ROCE %

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Address

Jasola New District Centre, 517, 5th Floor, DLF Tower-A, Jasola, New Delhi, IND, 110025

Website

https://www.cosmoferrites.com

Cosmo Ferrites Ltd is an Indian based company operating as a manufacturer and exporter of Soft Ferrites Core. The company provides Ferrite components and Pre-calcined ferrite powder, which are used in various applications such as inverter transformers, energy meters, mobile chargers, transformer manufacturers' current transformers, pulse transformers, line filters, choke, noise suppressors, and others. A majority of revenue is generated from the sales of Soft Ferrites Components.

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