Balaji Telefilms (BOM:532382) ROCE % : 2.67% (As of Dec. 2023)

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What is Balaji Telefilms 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. Balaji Telefilms's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.67%.

Balaji Telefilms ROCE % Historical Data

The historical data trend for Balaji Telefilms'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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Balaji Telefilms ROCE % Chart

Balaji Telefilms Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-11.34

-2.67

-17.05

-25.50

-3.75

Balaji Telefilms 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															5.26	17.92	19.53	18.71	2.67

Balaji Telefilms ROCE % Calculation

Balaji Telefilms'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 )
	=	-160.312	/	( ( (6785.79 - 2327.994)	+	(6942.123 - 2847.661) )	/ 2 )
	=	-160.312	/	( (4457.796	+	4094.462)	/ 2 )
	=	-160.312	/	4276.129
	=	-3.75 %

Balaji Telefilms'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 )
	=	114.58	/	( ( (7215.419 - 2927.405)	+	(0 - 0) )	/ 1 )
	=	114.58	/	( ( 4288.014	+	0 )	/ 1 )
	=	114.58	/	4288.014
	=	2.67 %

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

Balaji Telefilms (BOM:532382) 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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Balaji Telefilms (BOM:532382) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Balaji Telefilms Ltd (BOM:532382) » Definitions » ROCE %

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BALAJITELE:India

Address

New Link Road, Opposite Laxmi Industrial Estate, C13, Balaji House, Dalia Industrial Estate, Andheri (West), Mumbai, MH, IND, 400053

Website

http://www.balajitelefilms.com

Balaji Telefilms Ltd operates as a television content production company in India. The company operates through three segments: Commissioned Programmes, Digital and Films. The Commissioned Programmes engages in the sale of television serials to channels. The Films segment includes the production and distribution of motion pictures and films. The Digital segment includes subscription-based sales and licencing of digital content. It produces and distributes films primarily in the Hindi language. It is also involved in the B2C and B2B digital content business. The firm generates the majority of its revenue from the Commissioned Programmes segment.

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