Cochin Minerals & Rutile (BOM:513353) ROCE % : 39.30% (As of Dec. 2023)

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What is Cochin Minerals & Rutile 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. Cochin Minerals & Rutile's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.30%.

Cochin Minerals & Rutile ROCE % Historical Data

The historical data trend for Cochin Minerals & Rutile'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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Cochin Minerals & Rutile ROCE % Chart

Cochin Minerals & Rutile Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.12

27.83

22.79

8.47

60.15

Cochin Minerals & Rutile 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															68.70	54.11	9.09	12.45	39.30

Cochin Minerals & Rutile ROCE % Calculation

Cochin Minerals & Rutile'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 )
	=	746.757	/	( ( (1788.505 - 844.211)	+	(1831.113 - 292.354) )	/ 2 )
	=	746.757	/	( (944.294	+	1538.759)	/ 2 )
	=	746.757	/	1241.5265
	=	60.15 %

Cochin Minerals & Rutile'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 )
	=	599.224	/	( ( (2765.585 - 1240.98)	+	(0 - 0) )	/ 1 )
	=	599.224	/	( ( 1524.605	+	0 )	/ 1 )
	=	599.224	/	1524.605
	=	39.30 %

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

Cochin Minerals & Rutile (BOM:513353) 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.

Cochin Minerals & Rutile ROCE % Related Terms

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Cochin Minerals & Rutile (BOM:513353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cochin Minerals & Rutile Ltd (BOM:513353) » Definitions » ROCE %

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Address

VIII/224, Market Road, Post Box No. 73, Alwaye, KL, IND, 683 101

Website

https://www.cmrlindia.com

Cochin Minerals & Rutile Ltd is an export-oriented unit in the mineral processing sector. The principal business activities of the company are manufacturing, research and marketing of aqua ferric chloride. Its by-product offerings include beneficiated ilmenite (synthetic rutile), ferric chloride, ferrous chloride, cemox, iron hydroxide, and recovered TiO2. The company's main product synthetic rutile is used in titanium pigment and titanium sponge/metal industry.

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