TCFC Finance (BOM:532284) ROCE % : 15.33% (As of Dec. 2023)

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What is TCFC 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. TCFC Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.33%.

TCFC Finance ROCE % Historical Data

The historical data trend for TCFC 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.

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TCFC Finance ROCE % Chart

TCFC Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.58

-0.94

11.52

8.09

0.89

TCFC Finance 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															6.50	-1.14	20.96	13.72	15.33

TCFC Finance ROCE % Calculation

TCFC Finance'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 )
	=	8.731	/	( ( (1027.201 - 43.431)	+	(1018.78 - 41.651) )	/ 2 )
	=	8.731	/	( (983.77	+	977.129)	/ 2 )
	=	8.731	/	980.4495
	=	0.89 %

TCFC Finance'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 )
	=	166.48	/	( ( (1087.632 - 1.494)	+	(0 - 0) )	/ 1 )
	=	166.48	/	( ( 1086.138	+	0 )	/ 1 )
	=	166.48	/	1086.138
	=	15.33 %

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

TCFC Finance (BOM:532284) 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.

TCFC Finance ROCE % Related Terms

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TCFC Finance (BOM:532284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TCFC Finance Ltd (BOM:532284) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Free Press Journal Marg, 501-502, Raheja Chambers, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.tcfcfinance.com

TCFC Finance Ltd is an India-based non-banking financial company. The company is engaged in the business of finance and investments and trading in equity shares, mutual funds, and securities. The company generates revenue from interest and dividend income.

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