AAVAS Financiers (BOM:541988) ROCE % : 2.96% (As of Mar. 2024)

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What is AAVAS Financiers 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. AAVAS Financiers's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.96%.

AAVAS Financiers ROCE % Historical Data

The historical data trend for AAVAS Financiers'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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AAVAS Financiers ROCE % Chart

AAVAS Financiers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.14

4.84

4.88

3.30

3.03

AAVAS Financiers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.53	3.33	2.97	2.84	2.96

AAVAS Financiers ROCE % Calculation

AAVAS Financiers's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	4500.696	/	( ( (134096.091 - 2051.587)	+	(165194.536 - 309.394) )	/ 2 )
	=	4500.696	/	( (132044.504	+	164885.142)	/ 2 )
	=	4500.696	/	148464.823
	=	3.03 %

AAVAS Financiers's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4884.644	/	( ( (0 - 0)	+	(165194.536 - 309.394) )	/ 1 )
	=	4884.644	/	( ( 0	+	164885.142 )	/ 1 )
	=	4884.644	/	164885.142
	=	2.96 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

AAVAS Financiers (BOM:541988) 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.

AAVAS Financiers ROCE % Related Terms

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AAVAS Financiers (BOM:541988) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AAVAS Financiers Ltd (BOM:541988) » Definitions » ROCE %

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AAVAS:India

Address

Mansarover Industrial Area, 201-202, 2nd Floor, Southend Square, Jaipur, RJ, IND, 302 020

Website

https://www.aavas.in

AAVAS Financiers Ltd is a housing finance company. The company provides housing loans to customers belonging to the low and middle-income and self-employed segments in suburban and rural India. Its only operating segment is Lending to borrowers. The company's product portfolio includes home loans, land purchases and construction, home improvement loans, home equity, micro, small, and medium enterprise loan, and others. It offers customers loans for the purchase or construction of residential properties and the extension and repair of existing housing units.

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