Container of India (BOM:531344) ROCE % : 14.42% (As of Dec. 2023)

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What is Container of India 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. Container of India's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.42%.

Container of India ROCE % Historical Data

The historical data trend for Container of India'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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Container of India ROCE % Chart

Container of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.61

5.52

6.61

12.87

13.76

Container of India 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															13.44	13.59	11.06	15.96	14.42

Container of India ROCE % Calculation

Container of India'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 )
	=	16301.2	/	( ( (130009.5 - 14232.4)	+	(134649.4 - 13501.8) )	/ 2 )
	=	16301.2	/	( (115777.1	+	121147.6)	/ 2 )
	=	16301.2	/	118462.35
	=	13.76 %

Container of India'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 )
	=	18004.4	/	( ( (139880.8 - 14983.6)	+	(0 - 0) )	/ 1 )
	=	18004.4	/	( ( 124897.2	+	0 )	/ 1 )
	=	18004.4	/	124897.2
	=	14.42 %

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

Container of India (BOM:531344) 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.

Container of India ROCE % Related Terms

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Container of India (BOM:531344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Container Corporation of India Ltd (BOM:531344) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CONCOR:India

Address

CONCOR Bhawan, C-3 Mathura Road, Opposite Apollo Hospital, New Delhi, IND, 110020

Website

https://www.concorindia.com

Container Corporation of India Ltd is a logistics and transport company. The company transports and handles shipping containers, and operates logistics facilities, including dry ports and warehousing. Container Corporation of India is domiciled in India and derives the majority of revenue domestically. The firm organizes itself into two segments: EXIM and domestic. The EXIM segment, which generates the majority of revenue, includes the company's export and import operations. The domestic segment involves India to India shipping operations.

Container of India (BOM:531344) Headlines

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