Touchwood Entertainment (NSE:TOUCHWOOD) ROCE % : 20.09% (As of Mar. 2024)

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What is Touchwood Entertainment 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. Touchwood Entertainment's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.09%.

Touchwood Entertainment ROCE % Historical Data

The historical data trend for Touchwood Entertainment'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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Touchwood Entertainment ROCE % Chart

Touchwood Entertainment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.49

10.93

19.60

16.58

13.86

Touchwood Entertainment 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															24.21	1.71	13.43	15.37	20.09

Touchwood Entertainment ROCE % Calculation

Touchwood Entertainment'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 )
	=	45.138	/	( ( (339.149 - 68.461)	+	(429.38 - 48.572) )	/ 2 )
	=	45.138	/	( (270.688	+	380.808)	/ 2 )
	=	45.138	/	325.748
	=	13.86 %

Touchwood Entertainment'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 )
	=	76.488	/	( ( (0 - 0)	+	(429.38 - 48.572) )	/ 1 )
	=	76.488	/	( ( 0	+	380.808 )	/ 1 )
	=	76.488	/	380.808
	=	20.09 %

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

Touchwood Entertainment (NSE:TOUCHWOOD) 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.

Touchwood Entertainment ROCE % Related Terms

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Touchwood Entertainment (NSE:TOUCHWOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Touchwood Entertainment Ltd (NSE:TOUCHWOOD) » Definitions » ROCE %

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Address

26, Thapar Farms Church Road, Mall Road, Opposite Shanti Kunj Main, Vasant kunj, New Delhi, IND, 110070

Website

https://www.touchwood.in

Touchwood Entertainment Ltd specializes in event management. The company offers clients a complete variety of event facilities, ranging from event planning and marketing to production and legal services for events. The services of the company include Destination Weddings, Live Events, Political activations and Design and Decor amongst others.

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