Diksat Transworld (BOM:540151) ROCE % : 21.54% (As of Mar. 2024)

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What is Diksat Transworld 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. Diksat Transworld's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.54%.

Diksat Transworld ROCE % Historical Data

The historical data trend for Diksat Transworld'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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Diksat Transworld ROCE % Chart

Diksat Transworld Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-18.14

0.86

2.58

6.37

3.83

Diksat Transworld Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial												3.97	0.79	11.61	-12.34	21.54

Diksat Transworld ROCE % Calculation

Diksat Transworld'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 )
	=	10.559	/	( ( (446.888 - 142.568)	+	(321.654 - 73.892) )	/ 2 )
	=	10.559	/	( (304.32	+	247.762)	/ 2 )
	=	10.559	/	276.041
	=	3.83 %

Diksat Transworld'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	57.614	/	( ( (337.994 - 50.788)	+	(321.654 - 73.892) )	/ 2 )
	=	57.614	/	( ( 287.206	+	247.762 )	/ 2 )
	=	57.614	/	267.484
	=	21.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Diksat Transworld (BOM:540151) 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.

Diksat Transworld ROCE % Related Terms

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Diksat Transworld (BOM:540151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Diksat Transworld Ltd (BOM:540151) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Mada Street, 1st Floor, New No. 24 & Old No. 32, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.diksattransworldlimited.com

Diksat Transworld Ltd is engaged in producing and broadcasting satellite television programming in the Tamilnadu. It is engaged in the business of media and entertainment through the mediums of television, newspapers, and movies. The Company currently operates television channels in Tamil language predominantly to viewers in Tamil Nadu. The Company's flagship channel is WIN TV and its also operates a YouTube channel "Mtamil". The Company operates in a single business segment of Media and entertainment.

Diksat Transworld (BOM:540151) Headlines

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