Crimson Metal Engineering Co (BOM:526977) ROCE % : 9.49% (As of Dec. 2023)

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What is Crimson Metal Engineering Co 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. Crimson Metal Engineering Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.49%.

Crimson Metal Engineering Co ROCE % Historical Data

The historical data trend for Crimson Metal Engineering Co'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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Crimson Metal Engineering Co ROCE % Chart

Crimson Metal Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.90

8.16

9.54

10.51

8.88

Crimson Metal Engineering Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.85	6.97	9.70	7.57	9.49

Crimson Metal Engineering Co ROCE % Calculation

Crimson Metal Engineering Co'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 )
	=	23.792	/	( ( (363.202 - 73.992)	+	(332.295 - 85.567) )	/ 2 )
	=	23.792	/	( (289.21	+	246.728)	/ 2 )
	=	23.792	/	267.969
	=	8.88 %

Crimson Metal Engineering Co'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 )
	=	21.416	/	( ( (313.444 - 87.78)	+	(0 - 0) )	/ 1 )
	=	21.416	/	( ( 225.664	+	0 )	/ 1 )
	=	21.416	/	225.664
	=	9.49 %

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

Crimson Metal Engineering Co (BOM:526977) 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.

Crimson Metal Engineering Co ROCE % Related Terms

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Crimson Metal Engineering Co (BOM:526977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Crimson Metal Engineering Co Ltd (BOM:526977) » Definitions » ROCE %

Comparable Companies

BOM:531913 BOM:513397 BOM:543377 BOM:513403 BOM:504731 BOM:531343 BOM:513558 BOM:526967 BOM:513540 BOM:539197

Traded in Other Exchanges

N/A

Address

Prakasam Road Broadway, 163/1, 2nd Floor, K. Sons Complex, Broadway, Chennai, TN, IND, 600108

Website

http://www.crmetal.in

Crimson Metal Engineering Co Ltd is engaged in the manufacturing and selling of a reputed brand of Black pipe (ERW Pipe) and G.I. Pipe. The company manufactures pipes like M.S. black pipes, G.L. pipes, G.P. pipes, and Square and rectangle pipes. These pipes are used in many industries such as scaffolding, tower, agriculture, bus, construction, automobile, fabricated, fencing, irrigation overhead, railways, and engineering industries.

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