Gowra Leasing & Finance (BOM:530709) ROCE % : 9.18% (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Gowra Leasing & 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. Gowra Leasing & Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.18%.

Gowra Leasing & Finance ROCE % Historical Data

The historical data trend for Gowra Leasing & 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.

* Premium members only.

Gowra Leasing & Finance ROCE % Chart

Gowra Leasing & Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

5.35

6.25

6.45

6.58

7.42

Gowra Leasing & Finance 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															7.49	0.55	8.88	10.21	9.18

Gowra Leasing & Finance ROCE % Calculation

Gowra Leasing & Finance'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 )
	=	12.37	/	( ( (153.995 - 0.469)	+	(180.04 - 0.297) )	/ 2 )
	=	12.37	/	( (153.526	+	179.743)	/ 2 )
	=	12.37	/	166.6345
	=	7.42 %

Gowra Leasing & Finance'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 )
	=	16.508	/	( ( (0 - 0)	+	(180.04 - 0.297) )	/ 1 )
	=	16.508	/	( ( 0	+	179.743 )	/ 1 )
	=	16.508	/	179.743
	=	9.18 %

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

Gowra Leasing & Finance (BOM:530709) 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.

Gowra Leasing & Finance ROCE % Related Terms

Thank you for viewing the detailed overview of Gowra Leasing & Finance's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Gowra Leasing & Finance (BOM:530709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Gowra Leasing & Finance Ltd (BOM:530709) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-384 and 385, S.P. Road, No. 501, 5th Floor, Gowra Grand, Behind Gowra Plaza, Begumpet, Secunderabad, TG, IND, 500003

Website

https://www.gowraleasing.com

Gowra Leasing & Finance Ltd is engaged in providing financial services. It is a non-banking financial company. The company operates its business through the only segment being Investment and Financing Activities. Its services consist of inter-corporate deposits, mortgage loans, bill discounting, and loans against shares. The company receives maximum revenue in the form of interest income. Geographically, the company operates only in the Indian market.

Gowra Leasing & Finance (BOM:530709) Headlines

No Headlines