Vels Film International (NSE:VELS) ROCE % : -32.86% (As of Sep. 2023)

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What is Vels Film International 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. Vels Film International's annualized ROCE % for the quarter that ended in Sep. 2023 was -32.86%.

Vels Film International ROCE % Historical Data

The historical data trend for Vels Film International'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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Vels Film International ROCE % Chart

Vels Film International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

-15.34

92.55

19.55

8.32

Vels Film International Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	12.48	7.21	-32.86

Vels Film International ROCE % Calculation

Vels Film International'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 )
	=	72.368	/	( ( (1220.108 - 553.729)	+	(1875.401 - 802.745) )	/ 2 )
	=	72.368	/	( (666.379	+	1072.656)	/ 2 )
	=	72.368	/	869.5175
	=	8.32 %

Vels Film International's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-324.212	/	( ( (1875.401 - 802.745)	+	(2286.829 - 1385.912) )	/ 2 )
	=	-324.212	/	( ( 1072.656	+	900.917 )	/ 2 )
	=	-324.212	/	986.7865
	=	-32.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Vels Film International (NSE:VELS) 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.

Vels Film International ROCE % Related Terms

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Vels Film International (NSE:VELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Vels Film International Ltd (NSE:VELS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 521/2, Anna Salai Nandanam, Chennai, TN, IND, 60042

Website

https://www.velsfilminternational.com

Vels Film International Ltd is primarily engaged in the business of the production of films and the sale of film rights.

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