Caravelle International Group (Caravelle International Group) ROCE % : 23.12% (As of Apr. 2023)

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What is Caravelle International Group 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. Caravelle International Group's annualized ROCE % for the quarter that ended in Apr. 2023 was 23.12%.

Caravelle International Group ROCE % Historical Data

The historical data trend for Caravelle International Group'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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Caravelle International Group ROCE % Chart

Caravelle International Group Annual Data

Trend

Oct20

Oct21

Oct22

ROCE %

498.85

247.81

Caravelle International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
ROCE %	Get a 7-Day Free Trial			-	279.95	288.83	41.68	23.12

Caravelle International Group ROCE % Calculation

Caravelle International Group's annualized ROCE % for the fiscal year that ended in Oct. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2022 )		(A: Oct. 2021 )		(A: Oct. 2022 )
	=	23.71	/	( ( (27.186 - 20.442)	+	(35.571 - 23.179) )	/ 2 )
	=	23.71	/	( (6.744	+	12.392)	/ 2 )
	=	23.71	/	9.568
	=	247.81 %

Caravelle International Group's ROCE % of for the quarter that ended in Apr. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2023 )		(Q: Oct. 2022 )		(Q: Apr. 2023 )
	=	2.804	/	( ( (35.571 - 23.179)	+	(33.095 - 21.23) )	/ 2 )
	=	2.804	/	( ( 12.392	+	11.865 )	/ 2 )
	=	2.804	/	12.1285
	=	23.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Apr. 2023) EBIT data.

Caravelle International Group (NAS:CACO) 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.

Caravelle International Group ROCE % Related Terms

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Caravelle International Group (Caravelle International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Caravelle International Group (NAS:CACO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17 Paya Lebar Square, Singapore, SGP, 409051

Website

http://www.caravelleglobal.com

Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.