OnMobile Global (BOM:532944) ROCE % : 2.08% (As of Mar. 2024)

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What is OnMobile Global 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. OnMobile Global's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.08%.

OnMobile Global ROCE % Historical Data

The historical data trend for OnMobile Global'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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OnMobile Global ROCE % Chart

OnMobile Global Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.41

10.63

7.27

1.16

4.65

OnMobile Global 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															-4.07	7.49	7.86	1.05	2.08

OnMobile Global ROCE % Calculation

OnMobile Global'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 )
	=	310.99	/	( ( (9071.53 - 2323.14)	+	(8854.8 - 2222.96) )	/ 2 )
	=	310.99	/	( (6748.39	+	6631.84)	/ 2 )
	=	310.99	/	6690.115
	=	4.65 %

OnMobile Global'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 )
	=	138.04	/	( ( (0 - 0)	+	(8854.8 - 2222.96) )	/ 1 )
	=	138.04	/	( ( 0	+	6631.84 )	/ 1 )
	=	138.04	/	6631.84
	=	2.08 %

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

OnMobile Global (BOM:532944) 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.

OnMobile Global ROCE % Related Terms

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OnMobile Global (BOM:532944) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » OnMobile Global Ltd (BOM:532944) » Definitions » ROCE %

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ONMOBILE:India

Address

Veerasandra Village, Attibele Hobli, Tower No. 1, 94/1C and 94/2, Anekal Taluk, Electronic City Phase 1, Bangalore, KA, IND, 560 100

Website

https://www.onmobile.com

OnMobile Global Ltd is an Indian company that provides mobile technology and services. The company's products include Ringback Tones, Digital Content Store, and Infotainment. Digital Content Store offers to discover digital content like videos, games, music, and images. Infotainment offers music, contest, news, and sports to consumers over the mobile. The geographic operational locations of the company are India, Latin America and United States of America, Europe, Africa, and Rest of the World. The company derives maximum revenue from telecom value-added services from Europe.

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