Colorchips New Media (BOM:540023) ROCE % : -1.22% (As of Sep. 2023)

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What is Colorchips New Media 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. Colorchips New Media's annualized ROCE % for the quarter that ended in Sep. 2023 was -1.22%.

Colorchips New Media ROCE % Historical Data

The historical data trend for Colorchips New Media'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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Colorchips New Media ROCE % Chart

Colorchips New Media Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.55

-9.19

-1.04

-0.59

-2.73

Colorchips New Media Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															0.22	-20.64	-2.04	-1.22	-

Colorchips New Media ROCE % Calculation

Colorchips New Media'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 )
	=	-8.2	/	( ( (306 - 1.4)	+	(303.7 - 7.3) )	/ 2 )
	=	-8.2	/	( (304.6	+	296.4)	/ 2 )
	=	-8.2	/	300.5
	=	-2.73 %

Colorchips New Media's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-4.868	/	( ( (0 - 0)	+	(400.794 - 2.897) )	/ 1 )
	=	-4.868	/	( ( 0	+	397.897 )	/ 1 )
	=	-4.868	/	397.897
	=	-1.22 %

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

Colorchips New Media (BOM:540023) 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.

Colorchips New Media ROCE % Related Terms

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Colorchips New Media (BOM:540023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Colorchips New Media Ltd (BOM:540023) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Phase 1, Kamalapuri Colony, House No. 8-3-833/85 and 85A, Plot No. 85, Hyderabad, TG, IND, 500 073

Website

https://www.colorchipsindia.com

Colorchips New Media Ltd is engaged in the media and entertainment industry. Its main focus is the production of films, domestic productions in the space of theatrical, web, TV and launching channels on new technologies. It operates on a vertically integrated studio model controlling content as well as distribution and exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication. The company generates revenue from the distribution and exhibition of film and other rights.

Colorchips New Media (BOM:540023) Headlines

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