Howard Hotels (BOM:526761) ROCE % : 9.86% (As of Mar. 2024)

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What is Howard Hotels 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. Howard Hotels's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.86%.

Howard Hotels ROCE % Historical Data

The historical data trend for Howard Hotels'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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Howard Hotels ROCE % Chart

Howard Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-3.17

-13.79

-5.32

10.56

9.98

Howard Hotels 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															28.26	7.28	-5.32	28.23	9.86

Howard Hotels ROCE % Calculation

Howard Hotels'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 )
	=	14.715	/	( ( (151.029 - 19.009)	+	(196.009 - 33.033) )	/ 2 )
	=	14.715	/	( (132.02	+	162.976)	/ 2 )
	=	14.715	/	147.498
	=	9.98 %

Howard Hotels'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 )
	=	16.072	/	( ( (0 - 0)	+	(196.009 - 33.033) )	/ 1 )
	=	16.072	/	( ( 0	+	162.976 )	/ 1 )
	=	16.072	/	162.976
	=	9.86 %

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

Howard Hotels (BOM:526761) 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.

Howard Hotels ROCE % Related Terms

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Howard Hotels (BOM:526761) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Howard Hotels Ltd (BOM:526761) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fatehabad Road, Hotel Howard Plaza, The Fern, Agra, UP, IND, 282001

Website

http://www.howardhotelsltd.com

Howard Hotels Ltd is an India-based company. It is involved in the lodging business sector. The company provides rooms, food, beverage, and other services. The sale of rooms generates maximum revenue for the company.

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