Devyani International (BOM:543330) ROCE % : 9.11% (As of Dec. 2023)

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What is Devyani 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. Devyani International's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.11%.

Devyani International ROCE % Historical Data

The historical data trend for Devyani 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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Devyani International ROCE % Chart

Devyani International Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

5.01

7.11

4.94

15.91

17.99

Devyani International Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											19.83	13.08	8.70	9.55	9.11

Devyani International ROCE % Calculation

Devyani 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 )
	=	3863.42	/	( ( (22625.29 - 4202.01)	+	(29885.27 - 5354.85) )	/ 2 )
	=	3863.42	/	( (18423.28	+	24530.42)	/ 2 )
	=	3863.42	/	21476.85
	=	17.99 %

Devyani International'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 )
	=	2316.8	/	( ( (31301.18 - 5883.29)	+	(0 - 0) )	/ 1 )
	=	2316.8	/	( ( 25417.89	+	0 )	/ 1 )
	=	2316.8	/	25417.89
	=	9.11 %

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

Devyani International (BOM:543330) 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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Devyani International (BOM:543330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Devyani International Ltd (BOM:543330) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

DEVYANI:India

Address

Plot No. 18, Sector-35, Gurugram, HR, IND, 122 004

Website

https://www.dil-rjcorp.com

Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of quick-service restaurants chain and operates around 1243 stores across 155 cities in India. Geographically, it derives a majority of its revenue from India.

Devyani International (BOM:543330) Headlines

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