Esha Media Research (BOM:531259) ROCE % : 4.56% (As of Dec. 2023)

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What is Esha Media Research 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. Esha Media Research's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.56%.

Esha Media Research ROCE % Historical Data

The historical data trend for Esha Media Research'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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Esha Media Research ROCE % Chart

Esha Media Research Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-155.70

-53.42

-14.19

-24.30

-30.20

Esha Media Research 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															-33.73	-34.92	-16.59	4.15	4.56

Esha Media Research ROCE % Calculation

Esha Media Research'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 )
	=	-1.767	/	( ( (17.168 - 10.769)	+	(16.394 - 11.091) )	/ 2 )
	=	-1.767	/	( (6.399	+	5.303)	/ 2 )
	=	-1.767	/	5.851
	=	-30.20 %

Esha Media Research'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 )
	=	0.264	/	( ( (17.199 - 11.412)	+	(0 - 0) )	/ 1 )
	=	0.264	/	( ( 5.787	+	0 )	/ 1 )
	=	0.264	/	5.787
	=	4.56 %

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

Esha Media Research (BOM:531259) 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.

Esha Media Research ROCE % Related Terms

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Esha Media Research (BOM:531259) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Esha Media Research Ltd (BOM:531259) » Definitions » ROCE %

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Address

G. M. Road, Krushal Commercial Complex, 10th Floor, Above Shoppers Stop, Chembur (West), Mumbai, MH, IND, 400089

Website

https://www.eshamedia.com

Esha Media Research Ltd is engaged in business of television media monitoring and all the activities of the Company. Company has range of services to regional Indian languages like Tamil, Malayalam, Kannada, Telugu, Gujarati, Bengali, Hindi and Marathi amongst others besides English.

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