Candour Techtex (BOM:522292) ROCE % : 0.57% (As of Dec. 2023)

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What is Candour Techtex 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. Candour Techtex's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.57%.

Candour Techtex ROCE % Historical Data

The historical data trend for Candour Techtex'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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Candour Techtex ROCE % Chart

Candour Techtex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.76

2.99

6.99

9.96

7.30

Candour Techtex 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															5.28	14.81	-0.28	4.65	0.57

Candour Techtex ROCE % Calculation

Candour Techtex'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 )
	=	28.186	/	( ( (386.608 - 58.879)	+	(582.577 - 137.84) )	/ 2 )
	=	28.186	/	( (327.729	+	444.737)	/ 2 )
	=	28.186	/	386.233
	=	7.30 %

Candour Techtex'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 )
	=	2.812	/	( ( (833.39 - 337.749)	+	(0 - 0) )	/ 1 )
	=	2.812	/	( ( 495.641	+	0 )	/ 1 )
	=	2.812	/	495.641
	=	0.57 %

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

Candour Techtex (BOM:522292) 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.

Candour Techtex ROCE % Related Terms

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Candour Techtex (BOM:522292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Candour Techtex Ltd (BOM:522292) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

52, S.K. Ahire Marg, 108/109, T.V. Industrial Estate, Worli, Mumbai, MH, IND, 400 030

Website

https://www.cteil.com

Candour Techtex Ltd is an India-based textile machinery manufacturer of two-for-one twisting machines (TFO). In addition, it also manufactures velvet fabrics. The operating segments of the company are the Textile division; Plastic division, Trading Division and Technical Textiles Division. It derives maximum revenue from the Trading division. The organization also manufactures plastic crates and other allied plastic products. The company has business operations in India and internationally. Its product offerings comprise Die Casting machines, Injection Moulding Machines, and Rubber Injection Moulding machines, among others.

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