Comelf (BSE:CMF) ROCE % : 10.86% (As of Mar. 2024)

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What is Comelf 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. Comelf's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.86%.

Comelf ROCE % Historical Data

The historical data trend for Comelf'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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Comelf ROCE % Chart

Comelf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.60

3.66

5.65

5.60

13.01

Comelf 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															15.39	10.06	14.62	11.37	10.86

Comelf ROCE % Calculation

Comelf's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	12.183	/	( ( (167.918 - 73.599)	+	(167.284 - 74.254) )	/ 2 )
	=	12.183	/	( (94.319	+	93.03)	/ 2 )
	=	12.183	/	93.6745
	=	13.01 %

Comelf'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 )
	=	10.192	/	( ( (167.284 - 74.254)	+	(167.129 - 72.401) )	/ 2 )
	=	10.192	/	( ( 93.03	+	94.728 )	/ 2 )
	=	10.192	/	93.879
	=	10.86 %

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

Comelf (BSE:CMF) 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.

Comelf ROCE % Related Terms

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Comelf (BSE:CMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Comelf SA (BSE:CMF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Industriei Street, Bistrita Nasaud County, Bistrita, ROU, 420063

Website

http://www.comelf.ro

Comelf SA is engaged in the production of engines and turbines. The company manufactures equipment and components for power stations and environmental protection equipment for earthmoving, lifting and transportation equipment, including their sub assemblies, steel structures, weapons ammunition, road transport vehicles and military combat. Its product portfolio includes Bag Filters, scrapers for primary radial settling tanks, Mechanical equipment for methane tank, Equipment for wastewater treatment and others. Its segments consist of Factory of stainless steel products(FPI), Factory for Earth Moving Machinery and Equipment, Bag Filters and Electrostatic Precipitators(FUET) and Factory for Earth Moving Machines and Components(TERRA). The majority of its revenue is generated outside Romania.