Indo Credit Capital (BOM:526887) ROCE % : -2.13% (As of Dec. 2023)

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What is Indo Credit Capital 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. Indo Credit Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.13%.

Indo Credit Capital ROCE % Historical Data

The historical data trend for Indo Credit Capital'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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Indo Credit Capital ROCE % Chart

Indo Credit Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-1.03

-2.16

-1.58

-1.50

-2.16

Indo Credit Capital 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															-1.39	0.02	-3.76	-1.69	-2.13

Indo Credit Capital ROCE % Calculation

Indo Credit Capital'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 )
	=	-1.621	/	( ( (63.663 - 0.096)	+	(86.31 - 0.126) )	/ 2 )
	=	-1.621	/	( (63.567	+	86.184)	/ 2 )
	=	-1.621	/	74.8755
	=	-2.16 %

Indo Credit Capital'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 )
	=	-1.452	/	( ( (68.102 - 0.021)	+	(0 - 0) )	/ 1 )
	=	-1.452	/	( ( 68.081	+	0 )	/ 1 )
	=	-1.452	/	68.081
	=	-2.13 %

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

Indo Credit Capital (BOM:526887) 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.

Indo Credit Capital ROCE % Related Terms

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Indo Credit Capital (BOM:526887) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Indo Credit Capital Ltd (BOM:526887) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, 304, Kaling, Near Mount Carmel School, Behind Bata Show Room, Ahmedabad, GJ, IND, 380 009

Website

https://www.indocreditcapital.com

Indo Credit Capital Ltd is an India-based non-banking financial company engaged in the business of finance and investments. It acts as a merchant banker, advisor, manager, registrar, share transfer agent, project appraiser, underwriter, portfolio manager, broker, and as agent of saving schemes. It also assists in financing a variety of lease operations, hire purchases, and investment companies as well as deals in shares, securities, bonds, and debentures. Geographically, it operates in India.

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