Choksi Laboratories (BOM:526546) ROCE % : 19.08% (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Choksi Laboratories 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. Choksi Laboratories's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.08%.

Choksi Laboratories ROCE % Historical Data

The historical data trend for Choksi Laboratories'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.

* Premium members only.

Choksi Laboratories ROCE % Chart

Choksi Laboratories Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-8.30

-0.02

7.23

14.91

10.27

Choksi Laboratories 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															36.03	8.71	6.89	7.52	19.08

Choksi Laboratories ROCE % Calculation

Choksi Laboratories'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 )
	=	46.685	/	( ( (603.649 - 125.142)	+	(619.523 - 188.476) )	/ 2 )
	=	46.685	/	( (478.507	+	431.047)	/ 2 )
	=	46.685	/	454.777
	=	10.27 %

Choksi Laboratories'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 )
	=	82.248	/	( ( (0 - 0)	+	(619.523 - 188.476) )	/ 1 )
	=	82.248	/	( ( 0	+	431.047 )	/ 1 )
	=	82.248	/	431.047
	=	19.08 %

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

Choksi Laboratories (BOM:526546) 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.

Choksi Laboratories ROCE % Related Terms

Thank you for viewing the detailed overview of Choksi Laboratories's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Choksi Laboratories (BOM:526546) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Choksi Laboratories Ltd (BOM:526546) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey no. 9/1, Near Tulsiyana Industrial Park, Gram Kumerdi, Indore, MP, IND, 452010

Website

http://www.choksilab.com

Choksi Laboratories Ltd is an analysis and research company. The company provides contract testing and analytical services. The Company analyzes for its clients as a regulatory requirement pharmaceuticals, food and agricultural products, construction materials, chemicals, Calibration and environment Monitoring services.

Choksi Laboratories (BOM:526546) Headlines

No Headlines