Rajath Finance (BOM:507962) ROCE % : -34.62% (As of Dec. 2024)

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What is Rajath Finance 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. Rajath Finance's annualized ROCE % for the quarter that ended in Dec. 2024 was -34.62%.

Rajath Finance ROCE % Historical Data

The historical data trend for Rajath Finance'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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Rajath Finance ROCE % Chart

Rajath Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.48

0.71

4.77

-2.00

-24.09

Rajath Finance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-7.97	-74.08	-	-29.57	-34.62

Rajath Finance ROCE % Calculation

Rajath Finance'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 )
	=	-16.387	/	( ( (75.021 - 0.424)	+	(65.456 - 4.002) )	/ 2 )
	=	-16.387	/	( (74.597	+	61.454)	/ 2 )
	=	-16.387	/	68.0255
	=	-24.09 %

Rajath Finance's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-17.944	/	( ( (55.121 - 0.926)	+	(49.747 - 0.282) )	/ 2 )
	=	-17.944	/	( ( 54.195	+	49.465 )	/ 2 )
	=	-17.944	/	51.83
	=	-34.62 %

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

Rajath Finance (BOM:507962) 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.

Rajath Finance ROCE % Related Terms

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Rajath Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Rajath Finance Ltd (BOM:507962) » Definitions » ROCE %

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Address

Marol Maroshi Road, 1001, 10™ floor, K. P. Aurum, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.rajathfinance.in

Rajath Finance Ltd is a non-banking finance company, that provides financial services in India. The firm is engaged in the business of Financing, Trading hire Purchase, and other Finance operations of all kinds, Purchasing, Selling, Hiring, or letting on hire all kinds of plant and machinery and equipment. It generates revenue from Interest and Dividend Income.

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