Bombay Oxygen Investments (BOM:509470) ROCE % : 9.72% (As of Mar. 2024)

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What is Bombay Oxygen Investments 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. Bombay Oxygen Investments's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.72%.

Bombay Oxygen Investments ROCE % Historical Data

The historical data trend for Bombay Oxygen Investments'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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Bombay Oxygen Investments ROCE % Chart

Bombay Oxygen Investments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-11.35

24.13

9.63

0.22

16.39

Bombay Oxygen Investments 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															-8.04	24.66	12.83	20.59	9.72

Bombay Oxygen Investments ROCE % Calculation

Bombay Oxygen Investments'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 )
	=	688.447	/	( ( (3461.693 - 0.575)	+	(4937.8 - 0.479) )	/ 2 )
	=	688.447	/	( (3461.118	+	4937.321)	/ 2 )
	=	688.447	/	4199.2195
	=	16.39 %

Bombay Oxygen Investments'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 )
	=	479.776	/	( ( (0 - 0)	+	(4937.8 - 0.479) )	/ 1 )
	=	479.776	/	( ( 0	+	4937.321 )	/ 1 )
	=	479.776	/	4937.321
	=	9.72 %

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

Bombay Oxygen Investments (BOM:509470) 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.

Bombay Oxygen Investments ROCE % Related Terms

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Bombay Oxygen Investments (BOM:509470) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bombay Oxygen Investments Ltd (BOM:509470) » Definitions » ROCE %

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Address

22/B, Mittal Tower, 210, B Wing, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.bomoxy.com

Bombay Oxygen Investments Ltd is a company engaged in the business of investment in securities, debentures, and other products. It owns substantial financial investments in the form of shares, stocks, mutual funds, and other financial securities. Its business activity falls within a single business segment i.e. Non-Banking Financial Services. The firm generates the majority of revenue from the income of such financial investments.

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