Arihant Institute (BOM:541401) ROCE % : 0.06% (As of Sep. 2023)

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What is Arihant Institute 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. Arihant Institute's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.06%.

Arihant Institute ROCE % Historical Data

The historical data trend for Arihant Institute'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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Arihant Institute ROCE % Chart

Arihant Institute Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.82

0.28

-0.93

-1.01

0.02

Arihant Institute Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial												-0.68	-1.34	0.17	-0.13	0.06

Arihant Institute ROCE % Calculation

Arihant Institute'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 )
	=	0.028	/	( ( (144.325 - 8.889)	+	(143.823 - 8.88) )	/ 2 )
	=	0.028	/	( (135.436	+	134.943)	/ 2 )
	=	0.028	/	135.1895
	=	0.02 %

Arihant Institute's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	0.08	/	( ( (143.823 - 8.88)	+	(145.718 - 8.68) )	/ 2 )
	=	0.08	/	( ( 134.943	+	137.038 )	/ 2 )
	=	0.08	/	135.9905
	=	0.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Arihant Institute (BOM:541401) 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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Arihant Institute (BOM:541401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Arihant Institute Ltd (BOM:541401) » Definitions » ROCE %

Comparable Companies

PBYA BOM:530093 BOM:542592 BOM:543443 TSXV:CHN

Traded in Other Exchanges

N/A

Address

201,202, Ratna High Street, Near Naranpura Crossroad, 2nd Floor, Naranpura, Ahmedabad, GJ, IND, 380 013

Website

http://www.arihantinstitute.com

Arihant Institute Ltd is engaged in providing coaching and educational guidance for students appearing for professional courses such as Company Secretary, Chartered Accountant, and CMA, among others. It provides coaching and guidance from entry-level test exams till the final exam and covers all the subjects in depth with the test series. The company operates the educational program and coaching under the brand name Arihant Institute. It generates its revenue in the form of income from Education, E-learning, E-library, Online study materials, and others.

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