Muthoot Capital Services (BOM:511766) ROCE % : 3.22% (As of Dec. 2023)

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What is Muthoot Capital Services 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. Muthoot Capital Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.22%.

Muthoot Capital Services ROCE % Historical Data

The historical data trend for Muthoot Capital Services'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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Muthoot Capital Services ROCE % Chart

Muthoot Capital Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.63

5.88

5.87

-7.90

8.08

Muthoot Capital Services 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															5.71	13.52	4.01	2.97	3.22

Muthoot Capital Services ROCE % Calculation

Muthoot Capital Services'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 )
	=	1680.013	/	( ( (20985.2 - 2263.5)	+	(24353.421 - 1466.443) )	/ 2 )
	=	1680.013	/	( (18721.7	+	22886.978)	/ 2 )
	=	1680.013	/	20804.339
	=	8.08 %

Muthoot Capital Services'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 )
	=	716.928	/	( ( (22444.617 - 202.529)	+	(0 - 0) )	/ 1 )
	=	716.928	/	( ( 22242.088	+	0 )	/ 1 )
	=	716.928	/	22242.088
	=	3.22 %

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

Muthoot Capital Services (BOM:511766) 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.

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Muthoot Capital Services (BOM:511766) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Muthoot Capital Services Ltd (BOM:511766) » Definitions » ROCE %

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MUTHOOTCAP:India

Address

M.G. Road, 3rd Floor, Muthoot Towers, Ernakulam, Kochi, KL, IND, 682 035

Website

https://www.muthootcap.com

Muthoot Capital Services Ltd is an Indian non-banking finance company (NBFC). It offers fund-based financial services to retail, corporate and institutional customers. The portfolio of the company's commercial finance products is predominantly two-wheeler loans, public deposits, and business loans. It is engaged in the business of financing for the purchase of automobiles, mainly two-wheelers against hypothecation of the respective vehicles, corporate loans and granting of business and personal loans against Security of receivables and demand promissory notes. The company also engaged in the business of buying loan portfolios from other NBFCs financing the two-wheelers /small business/microfinance segment. All of the company's revenue is earned from India.

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