Inter Globe Finance (BOM:511391) ROCE % : 4.65% (As of Dec. 2023)

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What is Inter Globe Finance 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. Inter Globe Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.65%.

Inter Globe Finance ROCE % Historical Data

The historical data trend for Inter Globe Finance'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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Inter Globe Finance ROCE % Chart

Inter Globe Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.50

-3.36

-0.12

-0.83

2.74

Inter Globe Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.36	-0.21	11.99	1.91	4.65

Inter Globe Finance ROCE % Calculation

Inter Globe Finance's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	24.179	/	( ( (1051.521 - 180.09)	+	(1062.399 - 171.708) )	/ 2 )
	=	24.179	/	( (871.431	+	890.691)	/ 2 )
	=	24.179	/	881.061
	=	2.74 %

Inter Globe Finance's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	51.272	/	( ( (1169.596 - 66.912)	+	(0 - 0) )	/ 1 )
	=	51.272	/	( ( 1102.684	+	0 )	/ 1 )
	=	51.272	/	1102.684
	=	4.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Inter Globe Finance (BOM:511391) 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.

Inter Globe Finance ROCE % Related Terms

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Inter Globe Finance (BOM:511391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inter Globe Finance Ltd (BOM:511391) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6B, Bentinck Street, 1st Floor, Aloka House, Kolkata, WB, IND, 700001

Website

https://www.igfl.co.in

Inter Globe Finance Ltd is a non-banking financial company. It is engaged in finance management and advisory services. It offers micro, small, and medium enterprise/small and medium enterprise finance; loan syndication; project finance; working capital, business, and two-wheeler loans; ECB/ICDs; IPO funding; loan against the property; mortgages; loan against shares; and construction, infrastructure, medical, IT, equipment finance. Principal activities of the company include Other financial service activities, except in insurance and pension funding activities.

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