Indian Railway Catering And Tourism (BOM:542830) ROCE % : 44.79% (As of Mar. 2024)

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What is Indian Railway Catering And Tourism 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. Indian Railway Catering And Tourism's annualized ROCE % for the quarter that ended in Mar. 2024 was 44.79%.

Indian Railway Catering And Tourism ROCE % Historical Data

The historical data trend for Indian Railway Catering And Tourism'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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Indian Railway Catering And Tourism ROCE % Chart

Indian Railway Catering And Tourism Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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56.60

17.21

48.44

57.28

49.20

Indian Railway Catering And Tourism 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															56.13	46.95	51.86	53.35	44.79

Indian Railway Catering And Tourism ROCE % Calculation

Indian Railway Catering And Tourism'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 )
	=	15146.873	/	( ( (50887.588 - 23913.654)	+	(60911.653 - 26316.742) )	/ 2 )
	=	15146.873	/	( (26973.934	+	34594.911)	/ 2 )
	=	15146.873	/	30784.4225
	=	49.20 %

Indian Railway Catering And Tourism'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 )
	=	15493.604	/	( ( (0 - 0)	+	(60911.653 - 26316.742) )	/ 1 )
	=	15493.604	/	( ( 0	+	34594.911 )	/ 1 )
	=	15493.604	/	34594.911
	=	44.79 %

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

Indian Railway Catering And Tourism (BOM:542830) 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.

Indian Railway Catering And Tourism ROCE % Related Terms

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Indian Railway Catering And Tourism (BOM:542830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Indian Railway Catering And Tourism Corp Ltd (BOM:542830) » Definitions » ROCE %

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IRCTC:India

Address

Barakhamba Road, B-148, 11th Floor, Statesman House, New Delhi, IND, 110001

Website

https://www.irctc.com

Indian Railway Catering And Tourism Corp Ltd is engaged in catering and hospitality services at stations, on trains, and other locations and to promote domestic and international tourism through the development of budget hotels, special tour packages, information and commercial publicity, and global reservation systems. The company's core services include Catering and Hospitality, Internet Ticketing, Travel and Tourism, and Packaged Drinking Water. A vast majority of its revenues are derived from the Catering business.

Indian Railway Catering And Tourism (BOM:542830) Headlines

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