Mehta Housing Finance (BOM:511740) ROCE % : -3.60% (As of Dec. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Mehta Housing 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. Mehta Housing Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.60%.

Mehta Housing Finance ROCE % Historical Data

The historical data trend for Mehta Housing 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.

* Premium members only.

Mehta Housing Finance ROCE % Chart

Mehta Housing Finance Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-1.23

-1.12

-2.00

-1.77

-3.76

Mehta Housing 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															-3.58	-3.17	-4.85	-3.07	-3.60

Mehta Housing Finance ROCE % Calculation

Mehta Housing 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 )
	=	-1.943	/	( ( (54.726 - 2.178)	+	(52.228 - 1.521) )	/ 2 )
	=	-1.943	/	( (52.548	+	50.707)	/ 2 )
	=	-1.943	/	51.6275
	=	-3.76 %

Mehta Housing 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 )
	=	-1.784	/	( ( (51.271 - 1.663)	+	(0 - 0) )	/ 1 )
	=	-1.784	/	( ( 49.608	+	0 )	/ 1 )
	=	-1.784	/	49.608
	=	-3.60 %

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

Mehta Housing Finance (BOM:511740) 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.

Mehta Housing Finance ROCE % Related Terms

Thank you for viewing the detailed overview of Mehta Housing Finance's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mehta Housing Finance (BOM:511740) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mehta Housing Finance Ltd (BOM:511740) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Savarkundla Road, Plot No 1A, Revenue Survey No 203, Taveda, Mahuva, Bhavnagar, GJ, IND, 364290

Website

https://www.mehtahousing.com

Mehta Housing Finance Ltd is exploring various options to undertake production and trading activities in the food industry.

Mehta Housing Finance (BOM:511740) Headlines

No Headlines