CESC (BOM:500084) ROCE % : 8.81% (As of Dec. 2023)

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What is CESC 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. CESC's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.81%.

CESC ROCE % Historical Data

The historical data trend for CESC'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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CESC ROCE % Chart

CESC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.08

11.58

10.38

10.16

9.66

CESC 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															9.38	11.08	10.30	9.72	8.81

CESC ROCE % Calculation

CESC'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 )
	=	29461.1	/	( ( (374934.7 - 68000.9)	+	(377118.9 - 74104) )	/ 2 )
	=	29461.1	/	( (306933.8	+	303014.9)	/ 2 )
	=	29461.1	/	304974.35
	=	9.66 %

CESC'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 )
	=	27760	/	( ( (382270 - 67190)	+	(0 - 0) )	/ 1 )
	=	27760	/	( ( 315080	+	0 )	/ 1 )
	=	27760	/	315080
	=	8.81 %

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

CESC (BOM:500084) 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.

CESC ROCE % Related Terms

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CESC (BOM:500084) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CESC Ltd (BOM:500084) » Definitions » ROCE %

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CESC:India

Address

CESC House, Chowringhee Square, Kolkata, WB, IND, 700 001

Website

https://www.cesc.co.in

CESC Ltd is an Indian power utility company engaged in the generation and distribution of electricity. The company owns and operates a portfolio of energy-generating facilities that primarily utilize thermal fuel sources, such as coal. CESC sources its coal mainly from Indian mines either allocated to it by the Government of India or purchased in the marketplace. The company has also made efforts to expand its capacity through renewable energy sites that employ wind, hydro, and solar power. CESC generates the vast majority of its revenue from the sale of electricity to consumer households and commercial establishments in the state of West Bengal in India. Through its subsidiaries, the company is also involved in the retail, business process management, and infrastructure sectors.

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