Sai Jeevadhara Finance (BOM:511403) ROCE % : 16.68% (As of Sep. 2018)

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What is Sai Jeevadhara 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. Sai Jeevadhara Finance's annualized ROCE % for the quarter that ended in Sep. 2018 was 16.68%.

Sai Jeevadhara Finance ROCE % Historical Data

The historical data trend for Sai Jeevadhara 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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Sai Jeevadhara Finance ROCE % Chart

Sai Jeevadhara Finance Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

ROCE %

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-2.14

-0.42

-3.23

-1.10

12.45

Sai Jeevadhara Finance Quarterly Data
	Mar13	Mar14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial														-6.90	-16.00	-17.18	-106.66	16.68

Sai Jeevadhara Finance ROCE % Calculation

Sai Jeevadhara Finance's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	0.715	/	( ( (0 - 0)	+	(5.83 - 0.088) )	/ 1 )
	=	0.715	/	( (0	+	5.742)	/ 1 )
	=	0.715	/	5.742
	=	12.45 %

Sai Jeevadhara Finance's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	0.748	/	( ( (4.467 - 0.076)	+	(4.654 - 0.077) )	/ 2 )
	=	0.748	/	( ( 4.391	+	4.577 )	/ 2 )
	=	0.748	/	4.484
	=	16.68 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Sai Jeevadhara Finance (BOM:511403) 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.

Sai Jeevadhara Finance ROCE % Related Terms

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Sai Jeevadhara Finance (BOM:511403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sai Jeevadhara Finance Ltd (BOM:511403) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

New Avadi Road, No. 43-E, II Floor, Kilpauk, Chennai, TN, IND, 600010

Website

http://www.alagendran.com

Sai Jeevadhara Finance Ltd is non banking financial company.

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