Celestial Biolabs (BOM:532871) ROCE % : -1.27% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Celestial Biolabs 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. Celestial Biolabs's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.27%.

Celestial Biolabs ROCE % Historical Data

The historical data trend for Celestial Biolabs'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.

* Premium members only.

Celestial Biolabs ROCE % Chart

Celestial Biolabs Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

2.43

-159.08

-1.42

-3.09

-4.86

Celestial Biolabs Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.87	-2.76	-5.16	-8.15	-1.27

Celestial Biolabs ROCE % Calculation

Celestial Biolabs'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 )
	=	-5.731	/	( ( (171.777 - 53.398)	+	(172.367 - 54.884) )	/ 2 )
	=	-5.731	/	( (118.379	+	117.483)	/ 2 )
	=	-5.731	/	117.931
	=	-4.86 %

Celestial Biolabs'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: Mar. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Mar. 2023 )		(Q: Dec. 2023 )
	=	-1.492	/	( ( (172.367 - 54.884)	+	(0 - 0) )	/ 1 )
	=	-1.492	/	( ( 117.483	+	0 )	/ 1 )
	=	-1.492	/	117.483
	=	-1.27 %

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

Celestial Biolabs (BOM:532871) 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.

Celestial Biolabs ROCE % Related Terms

Thank you for viewing the detailed overview of Celestial Biolabs's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Celestial Biolabs (BOM:532871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Celestial Biolabs Ltd (BOM:532871) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 59, Road No 12, TSIIC Tech Park, IDA Nacharam, Hyderabad, TG, IND, 500076

Website

http://www.celestialbiolabs.com

Celestial Biolabs Ltd is an India based biopharmaceutical company. It is engaged in the business activity producing and supplying of the biotechnological products. The company offers herbal, feed supplement and nutraceutical products. The proprietary herbal products of the group include BIOVITA, CADALMIN GAE, CEL-DIGEST, BIOLIV, RHUMACEL, CEL-CLEAR, Trem Plus, O-KOF, BIOPOWER GOLD, BIO-DNORM, DERMACEL, GYNOCEL, HEALTHONE, RELIFIN, and C-KAPS. The organization formulates and manufactures Ayurvedic proprietary products for the Indian market.

Celestial Biolabs (BOM:532871) Headlines

No Headlines