Best Eastern Hotels (BOM:508664) ROCE % : 15.70% (As of Dec. 2023)

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What is Best Eastern Hotels 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. Best Eastern Hotels's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.70%.

Best Eastern Hotels ROCE % Historical Data

The historical data trend for Best Eastern Hotels'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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Best Eastern Hotels ROCE % Chart

Best Eastern Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.81

-5.49

-9.63

-3.62

15.28

Best Eastern Hotels 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															15.93	11.62	24.15	4.02	15.70

Best Eastern Hotels ROCE % Calculation

Best Eastern Hotels'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 )
	=	6.621	/	( ( (55.477 - 11.983)	+	(62.669 - 19.488) )	/ 2 )
	=	6.621	/	( (43.494	+	43.181)	/ 2 )
	=	6.621	/	43.3375
	=	15.28 %

Best Eastern Hotels'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 )
	=	7.168	/	( ( (63.942 - 18.297)	+	(0 - 0) )	/ 1 )
	=	7.168	/	( ( 45.645	+	0 )	/ 1 )
	=	7.168	/	45.645
	=	15.70 %

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

Best Eastern Hotels (BOM:508664) 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.

Best Eastern Hotels ROCE % Related Terms

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Best Eastern Hotels (BOM:508664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Best Eastern Hotels Ltd (BOM:508664) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

293/299, Dr. C. H. Street, 401, Chartered House, Near Marine Lines Church, Mumbai, MH, IND, 400 002

Website

https://www.ushaascot.com

Best Eastern Hotels Ltd is engaged in the business of hospitality and managing the resort. It is engaged in providing short-term accommodation activities, and restaurants and mobile food service activities. The company operates a hotel, Usha Ascot that provides various facilities, such as cuisine, including Indian, Chinese, Continental food; swimming pool with a sunken bar and an open restaurant; permit room; health club with steam room; sauna, Jacuzzi and massage facility; indoor recreation, including table tennis, and in-house laundry and bakery. Its conference and banquet facilities include Mel Milap Hall and The Brain Stromer. Its accommodation facilities include Luxury Villa, Ascot Villa, Executive Deluxe, and Deluxe Room.

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