TCI Finance (BOM:501242) ROCE % : 2.86% (As of Mar. 2024)

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What is TCI Finance 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. TCI Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.86%.

TCI Finance ROCE % Historical Data

The historical data trend for TCI Finance'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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TCI Finance ROCE % Chart

TCI Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.44

1.29

-3.71

-6.44

-4.33

TCI Finance 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															-6.08	-7.94	-6.57	-3.07	2.86

TCI Finance ROCE % Calculation

TCI Finance'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 )
	=	-11.379	/	( ( (461.639 - 204.706)	+	(275.5 - 6.9) )	/ 2 )
	=	-11.379	/	( (256.933	+	268.6)	/ 2 )
	=	-11.379	/	262.7665
	=	-4.33 %

TCI Finance'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 )
	=	7.684	/	( ( (0 - 0)	+	(275.5 - 6.9) )	/ 1 )
	=	7.684	/	( ( 0	+	268.6 )	/ 1 )
	=	7.684	/	268.6
	=	2.86 %

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

TCI Finance (BOM:501242) 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.

TCI Finance ROCE % Related Terms

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TCI Finance (BOM:501242) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » TCI Finance Ltd (BOM:501242) » Definitions » ROCE %

Comparable Companies

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TCIFINANCE:India

Address

Plot No. 20, Survey No. 12, 4th Floor, Kothaguda, Kondapur, Hyderabad, TG, IND, 500081

Website

https://www.tcifl.in

TCI Finance Ltd is engaged in providing financial services. It is a non-banking financial company. The company provides various services like the loan against securities, commercial vehicle finance, patents trademark and copyright, Global Intellectual Property Convention, and other financial services. It generates majority revenue in the form of interest.

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