Vashu Bhagnani Industries (BOM:532011) ROCE % : 9.88% (As of Dec. 2023)

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What is Vashu Bhagnani Industries 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. Vashu Bhagnani Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.88%.

Vashu Bhagnani Industries ROCE % Historical Data

The historical data trend for Vashu Bhagnani Industries'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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Vashu Bhagnani Industries ROCE % Chart

Vashu Bhagnani Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.27

103.38

1.99

8.47

8.75

Vashu Bhagnani Industries 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															4.32	0.89	17.79	6.23	9.88

Vashu Bhagnani Industries ROCE % Calculation

Vashu Bhagnani Industries'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 )
	=	36.023	/	( ( (804.589 - 409.536)	+	(1221.021 - 792.686) )	/ 2 )
	=	36.023	/	( (395.053	+	428.335)	/ 2 )
	=	36.023	/	411.694
	=	8.75 %

Vashu Bhagnani Industries'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 )
	=	44.224	/	( ( (1040.359 - 592.872)	+	(0 - 0) )	/ 1 )
	=	44.224	/	( ( 447.487	+	0 )	/ 1 )
	=	44.224	/	447.487
	=	9.88 %

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

Vashu Bhagnani Industries (BOM:532011) 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.

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Vashu Bhagnani Industries (BOM:532011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Vashu Bhagnani Industries Ltd (BOM:532011) » Definitions » ROCE %

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Address

Juhu Tara Road, CTS No. 892-893, Pooja House, 1st Floor, Opposite J. W. Marriott Hotel, Juhu, Mumbai, MH, IND, 400049

Website

https://www.poojaentertainmentandfilms.in

Pooja Entertainment & Films Ltd operates in the movies and entertainment industry conducting entertainment and film activities. The company engages in entertainment and films through co-production and production of films. It exploits and distributes films in India through music release, theatrical distribution, DVD and VCD release, television licensing, and other new media distribution avenues. The company has various films released in multiple languages. Its generation of films includes biographical drama, a social thriller, science fiction adventure, action-adventure, musical action drama, romantic comedy-sports, horror-comedy, comedy-drama, thriller, among others.

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