CDG Petchem (BOM:534796) ROCE % : 3.24% (As of Mar. 2024)

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What is CDG Petchem 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. CDG Petchem's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.24%.

CDG Petchem ROCE % Historical Data

The historical data trend for CDG Petchem'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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CDG Petchem ROCE % Chart

CDG Petchem Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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29.58

14.81

-6.02

12.33

11.36

CDG Petchem Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.91	16.54	17.09	4.99	3.24

CDG Petchem ROCE % Calculation

CDG Petchem'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 )
	=	7.211	/	( ( (200.843 - 130.036)	+	(169.555 - 113.411) )	/ 2 )
	=	7.211	/	( (70.807	+	56.144)	/ 2 )
	=	7.211	/	63.4755
	=	11.36 %

CDG Petchem's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1.82	/	( ( (0 - 0)	+	(169.555 - 113.411) )	/ 1 )
	=	1.82	/	( ( 0	+	56.144 )	/ 1 )
	=	1.82	/	56.144
	=	3.24 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

CDG Petchem (BOM:534796) 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.

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CDG Petchem (BOM:534796) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CDG Petchem Ltd (BOM:534796) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Pattigadda Road, Shyam Arihant, MCH No 1-8-304 to 307/10 & 11, Begumpet, Secunderabad, TG, IND, 500003

Website

https://www.cdgroup.in

CDG Petchem Ltd formerly, Urbaknitt Fabs Ltd is an Indian company engaged in the business of trading and manufacturing of knitted products and chemicals. It offers products such as Technical fabrics, Insulation Sheets, Pillows, Mattresses, Mats, and spreads, among others. The brands of the company are Urbaknitt and Morbido. Through its subsidiary, the company imports markets and distributes products (Chemicals) to several industries ranging from plastics, polymers, construction, and paint, among others.

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