Taj GVK Hotels & Resorts (BOM:532390) ROCE % : 23.55% (As of Dec. 2023)

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What is Taj GVK Hotels & Resorts 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. Taj GVK Hotels & Resorts's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.55%.

Taj GVK Hotels & Resorts ROCE % Historical Data

The historical data trend for Taj GVK Hotels & Resorts'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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Taj GVK Hotels & Resorts ROCE % Chart

Taj GVK Hotels & Resorts Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.54

9.17

-2.60

6.28

21.82

Taj GVK Hotels & Resorts 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															19.23	15.28	14.39	11.92	23.55

Taj GVK Hotels & Resorts ROCE % Calculation

Taj GVK Hotels & Resorts'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 )
	=	1329.202	/	( ( (7049.589 - 1200.409)	+	(7575.529 - 1242.053) )	/ 2 )
	=	1329.202	/	( (5849.18	+	6333.476)	/ 2 )
	=	1329.202	/	6091.328
	=	21.82 %

Taj GVK Hotels & Resorts'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 )
	=	1508	/	( ( (7745.917 - 1342.33)	+	(0 - 0) )	/ 1 )
	=	1508	/	( ( 6403.587	+	0 )	/ 1 )
	=	1508	/	6403.587
	=	23.55 %

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

Taj GVK Hotels & Resorts (BOM:532390) 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.

Taj GVK Hotels & Resorts ROCE % Related Terms

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Taj GVK Hotels & Resorts (BOM:532390) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Taj GVK Hotels & Resorts Ltd (BOM:532390) » Definitions » ROCE %

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TAJGVK:India

Address

Taj Krishna, Road No. 1, Banjara Hills, Hyderabad, TG, IND, 500 034

Website

https://www.tajgvk.in

Taj GVK Hotels & Resorts Ltd is an Indian-based company, which is engaged in the business of owning, operating and managing hotels, palaces, and resorts with the brand name TAJ. The business activities of the group include operations of rooms, restaurants, bars, and banquets. It operates a range of hotels under the Taj brand which are Taj Krishna, Taj Banjara, Taj Deccan, Vivanta by Taj, Taj Chandigarh, Taj Club House, and Taj Santacruz.

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