Interiors & More (NSE:INM) ROC % : 18.83% (As of Mar. 2024)

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What is Interiors & More ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Interiors & More's annualized return on capital (ROC %) for the quarter that ended in Mar. 2024 was 18.83%.

As of today (2025-03-02), Interiors & More's WACC % is 12.74%. Interiors & More's ROC % is 18.83% (calculated using TTM income statement data). Interiors & More generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Interiors & More ROC % Historical Data

The historical data trend for Interiors & More's ROC % 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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Interiors & More ROC % Chart

Interiors & More Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROC %

3.64

11.67

31.14

18.83

Interiors & More Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROC %	3.64	11.67	31.14	18.83

Interiors & More ROC % Calculation

Interiors & More's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2024 is calculated as:

	ROC % (A: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2023 )	+	Invested Capital (A: Mar. 2024 ))	/ count )
=	115.084 * ( 1 - 30.52% )	/	( (270.016	+	579.285)	/ 2 )
=	79.9603632	/	424.6505
=	18.83 %

where

	Invested Capital		(A: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	309.463	-	34.57	-	( 4.877	-	max(0, 179.38	-	268.205	+	4.877	))
=	270.016

	Invested Capital		(A: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	660.586	-	59.884	-	( 21.417	-	max(0, 89.904	-	500.747	+	21.417	))
=	579.285

Interiors & More's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	115.084 * ( 1 - 30.52% )	/	( (270.016	+	579.285)	/ 2 )
=	79.9603632	/	424.6505
=	18.83 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	309.463	-	34.57	-	( 4.877	-	max(0, 179.38	-	268.205	+	4.877	))
=	270.016

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	660.586	-	59.884	-	( 21.417	-	max(0, 89.904	-	500.747	+	21.417	))
=	579.285

Note: The Operating Income data used here is one times the annual (Mar. 2024) data.

Interiors & More (NSE:INM) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Interiors & More's WACC % is 12.74%. Interiors & More's ROC % is 18.83% (calculated using TTM income statement data). Interiors & More generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Interiors & More ROC % Related Terms

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Interiors & More Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Interiors & More Ltd (NSE:INM) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

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Address

Kumtha Street, off Shahid Bhagat Singh Road, Office No.7, Ground Floor, Ballard Estate, Fort Mumbai G.P.O., Mumbai, MH, IND, 400001

Website

https://www.inm.net.in

Interiors & More Ltd is in the business of marketing, exporting, importing, processing, packing/repacking, arranging or otherwise dealing in any other manner in flowers, dried flowers, potpourri, handicrafts, dry arrangements, artificial flowers, all types of home & interior decorative items and related materials. The Company has only one reportable Business Segment which is engaged in business of manufacturing of artificial flower and interior decor items in India.