The Investment Trust Of India (BOM:530023) ROCE % : 11.44% (As of Mar. 2024)

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What is The Investment Trust Of India 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. The Investment Trust Of India's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.44%.

The Investment Trust Of India ROCE % Historical Data

The historical data trend for The Investment Trust Of India'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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The Investment Trust Of India ROCE % Chart

The Investment Trust Of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.33

4.00

2.16

5.20

7.99

The Investment Trust Of India 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															10.55	3.21	9.21	7.50	11.44

The Investment Trust Of India ROCE % Calculation

The Investment Trust Of India'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 )
	=	633.31	/	( ( (11176.98 - 3703.258)	+	(13022.044 - 4645.35) )	/ 2 )
	=	633.31	/	( (7473.722	+	8376.694)	/ 2 )
	=	633.31	/	7925.208
	=	7.99 %

The Investment Trust Of India'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 )
	=	957.964	/	( ( (0 - 0)	+	(13022.044 - 4645.35) )	/ 1 )
	=	957.964	/	( ( 0	+	8376.694 )	/ 1 )
	=	957.964	/	8376.694
	=	11.44 %

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

The Investment Trust Of India (BOM:530023) 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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The Investment Trust Of India (BOM:530023) Business Description

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THEINVEST:India

Address

36 Dr. R. K. Shirodkar Marg, ITI House, Parel, Mumbai, MH, IND, 400012

Website

https://www.itiorg.com

The Investment Trust Of India Ltd, through its subsidiaries, is in the business of the corporate finance and broking spectrum in India. The company's service portfolio consists of investment banking and corporate finance activities on the capital market side as well as advisory services, broking services in the cash and future and options segments, currency derivatives, commodities, along with offering depository services, loan, portfolio management services and other wealth and distribution related products. The firm operates through the segments of Advisory services and Investment activities and Trading Activities. It generates majority of its revenue from Trading Activities.

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