Bombay Cycle & Motor Agency (BOM:501430) ROCE % : 15.80% (As of Dec. 2023)

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What is Bombay Cycle & Motor Agency 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. Bombay Cycle & Motor Agency's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.80%.

Bombay Cycle & Motor Agency ROCE % Historical Data

The historical data trend for Bombay Cycle & Motor Agency'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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Bombay Cycle & Motor Agency ROCE % Chart

Bombay Cycle & Motor Agency Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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17.26

19.06

11.89

11.18

11.99

Bombay Cycle & Motor Agency Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.15	9.91	21.81	16.75	15.80

Bombay Cycle & Motor Agency ROCE % Calculation

Bombay Cycle & Motor Agency'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 )
	=	30.503	/	( ( (288.825 - 45.653)	+	(323.779 - 58.116) )	/ 2 )
	=	30.503	/	( (243.172	+	265.663)	/ 2 )
	=	30.503	/	254.4175
	=	11.99 %

Bombay Cycle & Motor Agency's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	44.196	/	( ( (341.573 - 61.864)	+	(0 - 0) )	/ 1 )
	=	44.196	/	( ( 279.709	+	0 )	/ 1 )
	=	44.196	/	279.709
	=	15.80 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Bombay Cycle & Motor Agency (BOM:501430) 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.

Bombay Cycle & Motor Agency ROCE % Related Terms

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Bombay Cycle & Motor Agency (BOM:501430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Bombay Cycle & Motor Agency Ltd (BOM:501430) » Definitions » ROCE %

Comparable Companies

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Address

534, Sardar Vallabhbhai Patel Road, Opera House, Mumbai, MH, IND, 400 007

Website

https://www.bcma.in

Bombay Cycle & Motor Agency Ltd is an India-based company with the main objective to undertake business of sales and servicing of motor cars. The company diversified its operations in Restaurant and Banquets services at its Hospitality Division situated at Opera House. The company operates in two segments which include Auto Division and Hospitality Division. Hospitality Division includes the sale of food and beverage. Auto Division includes servicing of cars.

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