Wardwizard Innovations & Mobility (BOM:538970) ROCE %

: 38.85% (As of Dec. 2023)

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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. Wardwizard Innovations & Mobility's annualized ROCE % for the quarter that ended in Dec. 2023 was 38.85%.

Wardwizard Innovations & Mobility ROCE % Historical Data

The historical data trend for Wardwizard Innovations & Mobility'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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Wardwizard Innovations & Mobility Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-2.58

-10.33

12.68

26.84

17.25

Wardwizard Innovations & Mobility Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.32	29.77	11.42	17.37	38.85

Wardwizard Innovations & Mobility ROCE % Calculation

Wardwizard Innovations & Mobility'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 )
	=	142.068	/	( ( (1792.911 - 1168.401)	+	(2232.06 - 1209.229) )	/ 2 )
	=	142.068	/	( (624.51	+	1022.831)	/ 2 )
	=	142.068	/	823.6705
	=	17.25 %

Wardwizard Innovations & Mobility'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 )
	=	379.444	/	( ( (2788.853 - 1812.043)	+	(0 - 0) )	/ 1 )
	=	379.444	/	( ( 976.81	+	0 )	/ 1 )
	=	379.444	/	976.81
	=	38.85 %

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

Wardwizard Innovations & Mobility (BOM:538970) 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.

Wardwizard Innovations & Mobility ROCE % Related Terms

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Wardwizard Innovations & Mobility (BOM:538970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wardwizard Innovations & Mobility Ltd (BOM:538970) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey 26/2, Ajwa Road, Opposite Pooja Farm Sayajipura, Vadodara, GJ, IND, 390019

Website

https://www.wardwizard.in

Wardwizard Innovations & Mobility Ltd and its subsidiary are engaged in the manufacturing and selling of transport equipment. It operates through the following segments: Joy E-Bike; Vyom Innovations and Sale of services. Geographically it generates a majority of revenue from India.

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