Sahara Housingfina (BOM:511533) ROCE % : 0.95% (As of Dec. 2023)

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What is Sahara Housingfina 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. Sahara Housingfina's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.95%.

Sahara Housingfina ROCE % Historical Data

The historical data trend for Sahara Housingfina'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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Sahara Housingfina ROCE % Chart

Sahara Housingfina Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.84

2.55

2.44

2.15

2.10

Sahara Housingfina 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															1.20	5.11	2.08	1.93	0.95

Sahara Housingfina ROCE % Calculation

Sahara Housingfina'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 )
	=	21.997	/	( ( (1106.362 - 11.997)	+	(1008.091 - 8.193) )	/ 2 )
	=	21.997	/	( (1094.365	+	999.898)	/ 2 )
	=	21.997	/	1047.1315
	=	2.10 %

Sahara Housingfina'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 )
	=	9.624	/	( ( (1009.366 - 0.804)	+	(0 - 0) )	/ 1 )
	=	9.624	/	( ( 1008.562	+	0 )	/ 1 )
	=	9.624	/	1008.562
	=	0.95 %

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

Sahara Housingfina (BOM:511533) 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.

Sahara Housingfina ROCE % Related Terms

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Sahara Housingfina (BOM:511533) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sahara Housingfina Corp Ltd (BOM:511533) » Definitions » ROCE %

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Address

46, Dr. Sundari Mohan Avenue, Kolkata, WB, IND, 700014

Website

http://www.saharahousingfina.com

Sahara Housingfina Corp Ltd is an Indian company engaged in carrying out activities of housing finance companies (Housing Loans and Non-Housing Loan). Its product portfolio includes Individual Housing Loans, Home Improvement Loans, Home Extension loans, Land Loans, Home Loan Plus, Mortgage Loans, Non-Residential Property Loans, Home Loan Enhancement, and Loan Take Over / Balance Transfer. The Company is exclusively engaged in the Housing Finance business and revenues are mainly derived from this activity. The Company's main business is financing by way of loans for the purchase or construction of residential houses, commercial real estate or certain other purposes, in India.

Sahara Housingfina (BOM:511533) Headlines

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