Royal India (BOM:512047) ROCE % : -29.89% (As of Mar. 2024)

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What is Royal 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. Royal India's annualized ROCE % for the quarter that ended in Mar. 2024 was -29.89%.

Royal India ROCE % Historical Data

The historical data trend for Royal 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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Royal India ROCE % Chart

Royal India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-7.05

0.42

-0.63

3.22

-3.55

Royal 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															-12.68	9.30	6.04	-1.59	-29.89

Royal India ROCE % Calculation

Royal 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 )
	=	-41.575	/	( ( (1645.726 - 408.763)	+	(1517.345 - 412.823) )	/ 2 )
	=	-41.575	/	( (1236.963	+	1104.522)	/ 2 )
	=	-41.575	/	1170.7425
	=	-3.55 %

Royal 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 )
	=	-330.096	/	( ( (0 - 0)	+	(1517.345 - 412.823) )	/ 1 )
	=	-330.096	/	( ( 0	+	1104.522 )	/ 1 )
	=	-330.096	/	1104.522
	=	-29.89 %

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

Royal India (BOM:512047) 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.

Royal India ROCE % Related Terms

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Royal India (BOM:512047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Royal India Corp Ltd (BOM:512047) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot - 45/47, Dhirubhai Parekh Marg, 34, 2nd Floor, Shanti Bhavan, Ladwadi, Kalbadevi, Mumbai, MH, IND, 400002

Website

https://www.ricl.in

Royal India Corp Ltd is engaged in the wholesale trading of Gold Bullion, plain gold jewelry, gold coins, and medallions. It derives the majority of its revenue from Local Gold Bar Sales.

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