Hathway Cable & Datacom (NSE:HATHWAY) ROCE % : 4.26% (As of Mar. 2024)

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What is Hathway Cable & Datacom 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. Hathway Cable & Datacom's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.26%.

Hathway Cable & Datacom ROCE % Historical Data

The historical data trend for Hathway Cable & Datacom'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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Hathway Cable & Datacom ROCE % Chart

Hathway Cable & Datacom Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.48

8.05

3.83

2.17

3.34

Hathway Cable & Datacom 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															-0.89	2.99	3.21	2.92	4.26

Hathway Cable & Datacom ROCE % Calculation

Hathway Cable & Datacom'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 )
	=	1426	/	( ( (48309.1 - 6205.6)	+	(49634.1 - 6378.4) )	/ 2 )
	=	1426	/	( (42103.5	+	43255.7)	/ 2 )
	=	1426	/	42679.6
	=	3.34 %

Hathway Cable & Datacom'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 )
	=	1841.6	/	( ( (0 - 0)	+	(49634.1 - 6378.4) )	/ 1 )
	=	1841.6	/	( ( 0	+	43255.7 )	/ 1 )
	=	1841.6	/	43255.7
	=	4.26 %

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

Hathway Cable & Datacom (NSE:HATHWAY) 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.

Hathway Cable & Datacom ROCE % Related Terms

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Hathway Cable & Datacom (NSE:HATHWAY) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hathway Cable & Datacom Ltd (NSE:HATHWAY) » Definitions » ROCE %

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533162:India

Address

Off CST Road, 805/806, Windsor, 8th Floor, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098

Website

https://www.hathway.com

Hathway Cable & Datacom Ltd is an India-based Multi System Operator engaged in providing cable television (TV) network services, broadband services, and allied services. The product range of the company includes digital and analogue cable television, broadband and local television channels. The products offered under the digital cable television services are HD Personal Video Recorder, Hathway SD, and Hathway HD. The company provides TV services in digital mode. In addition, it also offers features like video on demand, an electronic programming guide, and other features. It generates the majority of the revenue from Cable television services. The Group has two reportable segments: Broadband Business and Cable Television.

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