Royale Manor Hotels & Industries (BOM:526640) ROCE % : 14.60% (As of Mar. 2024)

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What is Royale Manor Hotels & Industries 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. Royale Manor Hotels & Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.60%.

Royale Manor Hotels & Industries ROCE % Historical Data

The historical data trend for Royale Manor Hotels & Industries'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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Royale Manor Hotels & Industries ROCE % Chart

Royale Manor Hotels & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.03

2.27

4.36

10.64

10.79

Royale Manor Hotels & Industries 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															11.67	3.21	5.16	20.89	14.60

Royale Manor Hotels & Industries ROCE % Calculation

Royale Manor Hotels & Industries'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 )
	=	64.141	/	( ( (662.266 - 99.822)	+	(712.567 - 85.701) )	/ 2 )
	=	64.141	/	( (562.444	+	626.866)	/ 2 )
	=	64.141	/	594.655
	=	10.79 %

Royale Manor Hotels & Industries'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 )
	=	91.54	/	( ( (0 - 0)	+	(712.567 - 85.701) )	/ 1 )
	=	91.54	/	( ( 0	+	626.866 )	/ 1 )
	=	91.54	/	626.866
	=	14.60 %

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

Royale Manor Hotels & Industries (BOM:526640) 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.

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Royale Manor Hotels & Industries (BOM:526640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Royale Manor Hotels & Industries Ltd (BOM:526640) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

International Airport Circle, Ahmedabad, IND, 382475

Website

http://www.rmhil.com

Royale Manor Hotels & Industries Ltd is an India-based company engaged in short-term accommodation activities, Restaurants without bars, and Event catering business. The company operates a five-star hotel in Ahmedabad. It has only one segment; the Hotel business and within one geographical segment; India.

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