Confidence Futuristic Energetech (BOM:539991) ROCE % : 9.63% (As of Mar. 2024)

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What is Confidence Futuristic Energetech 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. Confidence Futuristic Energetech's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.63%.

Confidence Futuristic Energetech ROCE % Historical Data

The historical data trend for Confidence Futuristic Energetech'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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Confidence Futuristic Energetech ROCE % Chart

Confidence Futuristic Energetech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.38

0.05

5.60

6.69

7.85

Confidence Futuristic Energetech 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															12.77	12.68	3.17	5.71	9.63

Confidence Futuristic Energetech ROCE % Calculation

Confidence Futuristic Energetech'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 )
	=	165.147	/	( ( (2693.547 - 510.018)	+	(2517.634 - 495.34) )	/ 2 )
	=	165.147	/	( (2183.529	+	2022.294)	/ 2 )
	=	165.147	/	2102.9115
	=	7.85 %

Confidence Futuristic Energetech'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 )
	=	194.784	/	( ( (0 - 0)	+	(2517.634 - 495.34) )	/ 1 )
	=	194.784	/	( ( 0	+	2022.294 )	/ 1 )
	=	194.784	/	2022.294
	=	9.63 %

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

Confidence Futuristic Energetech (BOM:539991) 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.

Confidence Futuristic Energetech ROCE % Related Terms

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Confidence Futuristic Energetech (BOM:539991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Confidence Futuristic Energetech Ltd (BOM:539991) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Wardha Road, 404, Satyam Apartment, Dhantoli, Nagpur, MH, IND, 440012

Website

https://cfel.co.in

Confidence Futuristic Energetech Ltd is engaged in offering Composite Liquefied petroleum gas Cylinders. The company has launched a blast proof, translucent, and light-weight composite cylinders under the brand name GoGas Elite. It is into selling LPG to both domestic and commercial users.

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