Gourmet Gateway India (BOM:506134) ROCE % : 11.88% (As of Mar. 2024)

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What is Gourmet Gateway 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. Gourmet Gateway India's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.88%.

Gourmet Gateway India ROCE % Historical Data

The historical data trend for Gourmet Gateway 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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Gourmet Gateway India ROCE % Chart

Gourmet Gateway India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.43

3.80

-4.67

15.54

15.38

Gourmet Gateway India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															24.60	20.66	14.51	13.62	11.88

Gourmet Gateway India ROCE % Calculation

Gourmet Gateway India's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	181.704	/	( ( (1792.491 - 610.46)	+	(1774.956 - 594.243) )	/ 2 )
	=	181.704	/	( (1182.031	+	1180.713)	/ 2 )
	=	181.704	/	1181.372
	=	15.38 %

Gourmet Gateway India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	140.304	/	( ( (0 - 0)	+	(1774.956 - 594.243) )	/ 1 )
	=	140.304	/	( ( 0	+	1180.713 )	/ 1 )
	=	140.304	/	1180.713
	=	11.88 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Gourmet Gateway India (BOM:506134) 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.

Gourmet Gateway India ROCE % Related Terms

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Gourmet Gateway India (BOM:506134) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gourmet Gateway India Ltd (BOM:506134) » Definitions » ROCE %

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Address

Senapati Bapat Marg, 1104, A Wing, 11th Floor, Naman Midtown, Prabhadevi, Mumbai, MH, IND, 400013

Website

https://www.intellivatecapitalventures.in

Intellivate Capital Ventures Ltd provides advisory, consultancy, investment, and share trading services. All the operations of the firm function through India. The company provides integrated solutions to clients, including managing crucial aspects like Merchant Banking, which includes corporate finance, working capital finance, project finance, and financial restructuring to corporate. It is mainly engaged in providing financial advisory and consultancy services and treasury operations by providing funding solutions to clients, both in the form of Debt and Equity and investment activities.

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