Decillion Finance (BOM:539190) ROCE % : 4.42% (As of Dec. 2023)

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What is Decillion 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. Decillion Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.42%.

Decillion Finance ROCE % Historical Data

The historical data trend for Decillion 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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Decillion Finance ROCE % Chart

Decillion Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.19

-0.51

2.77

-0.83

-0.26

Decillion Finance 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															5.02	-14.80	4.49	4.73	4.42

Decillion Finance ROCE % Calculation

Decillion Finance'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 )
	=	-0.305	/	( ( (121.445 - 7.467)	+	(131.721 - 7.806) )	/ 2 )
	=	-0.305	/	( (113.978	+	123.915)	/ 2 )
	=	-0.305	/	118.9465
	=	-0.26 %

Decillion Finance'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 )
	=	5.924	/	( ( (134.691 - 0.7)	+	(0 - 0) )	/ 1 )
	=	5.924	/	( ( 133.991	+	0 )	/ 1 )
	=	5.924	/	133.991
	=	4.42 %

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

Decillion Finance (BOM:539190) 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.

Decillion Finance ROCE % Related Terms

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Decillion Finance (BOM:539190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Decillion Finance Ltd (BOM:539190) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

3 Bentinck Street, Jajodia Tower, 4th Floor, Room No. D-8, Kolkata, WB, IND, 700001

Website

https://www.decillion.co.in

Decillion Finance Ltd is an Indian based non-banking financial company. It is engaged in the business of providing loans and advances, investment in shares of other companies. In addition, it is also involved in investing in shares and securities, and other financial instruments. The company receives maximum revenue from the interest income. Its segment comprises of Investments & Financing.

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