Tribhovandas Bhimji Zaveri (BOM:534369) ROCE % : 16.53% (As of Mar. 2024)

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What is Tribhovandas Bhimji Zaveri 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. Tribhovandas Bhimji Zaveri's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.53%.

Tribhovandas Bhimji Zaveri ROCE % Historical Data

The historical data trend for Tribhovandas Bhimji Zaveri'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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Tribhovandas Bhimji Zaveri ROCE % Chart

Tribhovandas Bhimji Zaveri Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.20

18.26

9.82

15.71

18.43

Tribhovandas Bhimji Zaveri 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															15.96	17.00	15.09	25.43	16.53

Tribhovandas Bhimji Zaveri ROCE % Calculation

Tribhovandas Bhimji Zaveri'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 )
	=	1214.106	/	( ( (14750.546 - 8382.596)	+	(14585.597 - 7778.737) )	/ 2 )
	=	1214.106	/	( (6367.95	+	6806.86)	/ 2 )
	=	1214.106	/	6587.405
	=	18.43 %

Tribhovandas Bhimji Zaveri'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 )
	=	1125.36	/	( ( (0 - 0)	+	(14585.597 - 7778.737) )	/ 1 )
	=	1125.36	/	( ( 0	+	6806.86 )	/ 1 )
	=	1125.36	/	6806.86
	=	16.53 %

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

Tribhovandas Bhimji Zaveri (BOM:534369) 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.

Tribhovandas Bhimji Zaveri ROCE % Related Terms

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Tribhovandas Bhimji Zaveri (BOM:534369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tribhovandas Bhimji Zaveri Ltd (BOM:534369) » Definitions » ROCE %

Traded in Other Exchanges

TBZ:India

Address

Free Press Journal Road, 1106 to 1121, 11th Floor, West Wing, Tulsiani Chambers, 212, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.tbztheoriginal.com

Tribhovandas Bhimji Zaveri Ltd is an Indian company engaged in manufacturing/trading and selling jewellery. The company offers a range of products, including pendants, earrings, waist belts, watches, necklaces, bracelets, rings, and bangles. Its product portfolio includes plain gold, diamond-studded, semi-precious stone studded, diamond-studded platinum jewellery, jewellery with coloured stones in gold and diamond, loose diamond solitaires, loose precious and semi-precious stones, and jadau jewellery. The company provides jewellery for various occasions including wedding, festival, everyday wear, contemporary, and traditional wear. The company's business activity falls within a single primary business segment of Jewellery and one reportable geographical segment which is within India.

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