Camex (BOM:524440) ROCE % : 17.23% (As of Dec. 2023)

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What is Camex 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. Camex's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.23%.

Camex ROCE % Historical Data

The historical data trend for Camex'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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Camex ROCE % Chart

Camex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.13

6.97

5.98

10.64

1.00

Camex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.56	-3.37	0.05	15.19	17.23

Camex ROCE % Calculation

Camex'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 )
	=	4.571	/	( ( (650.28 - 164.748)	+	(586.777 - 161.731) )	/ 2 )
	=	4.571	/	( (485.532	+	425.046)	/ 2 )
	=	4.571	/	455.289
	=	1.00 %

Camex's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	66.4	/	( ( (536.654 - 151.383)	+	(0 - 0) )	/ 1 )
	=	66.4	/	( ( 385.271	+	0 )	/ 1 )
	=	66.4	/	385.271
	=	17.23 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Camex (BOM:524440) 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.

Camex ROCE % Related Terms

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Camex (BOM:524440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Camex Ltd (BOM:524440) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stadium Commerce Road, Camex House, 2nd Floor, Navangpura, Ahmedabad, GJ, IND, 380 009

Website

http://www.camexltd.com

Camex Ltd is in the manufacturing of Dyes, Chemicals & Intermediates and Trading, Import and Export of Dyes, Chemicals & Intermediates and Metals. The company's products include reactive dyes, acid dyes stuff, and direct dyes stuffs; textile auxiliaries; pigments and solvents; and pigment emulsions. It is engaged in multiple segments of Dyes, Chemicals, metals, Fiber Glass, Coal, Minerals and Others.

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