Bata India (BOM:500043) ROCE % : 18.16% (As of Dec. 2023)

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What is Bata India 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. Bata India's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.16%.

Bata India ROCE % Historical Data

The historical data trend for Bata India'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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Bata India ROCE % Chart

Bata India Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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28.10

25.33

-0.47

8.73

20.85

Bata India 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															24.22	18.86	28.04	12.60	18.16

Bata India ROCE % Calculation

Bata India'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 )
	=	5376.87	/	( ( (35251.45 - 8171.74)	+	(32716.6 - 8224.44) )	/ 2 )
	=	5376.87	/	( (27079.71	+	24492.16)	/ 2 )
	=	5376.87	/	25785.935
	=	20.85 %

Bata India'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 )
	=	4299.96	/	( ( (32361.93 - 8689.27)	+	(0 - 0) )	/ 1 )
	=	4299.96	/	( ( 23672.66	+	0 )	/ 1 )
	=	4299.96	/	23672.66
	=	18.16 %

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

Bata India (BOM:500043) 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.

Bata India ROCE % Related Terms

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Bata India (BOM:500043) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bata India Ltd (BOM:500043) » Definitions » ROCE %

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BATAINDIA:India

Address

418/02, M.G. Road, Sector - 17, Bata House, Opposite MDI, Gurgaon, HR, IND, 122001

Website

https://www.bata.in

Bata India Ltd is a manufacturer and retailer of footwear and accessories, such as bags, belts, wallets, and shoe care products. It has only one reportable Segment for the Company which is Footwear and Accessories. The company sells footwear under brand names including Bata, Bubblegummers, Hush Puppies, Power, Weinbrenner, and Naturalizer. Bata manufactures shoes in multiple manufacturing plants across India, and it sells its products through its thousands of Bata, Hush Puppies, and Footin retail stores and through its e-commerce channel. Bata generates nearly all its sales in India, mostly from footwear.

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