TVS Holdings (BOM:520056) ROCE % : 15.97% (As of Dec. 2024)

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What is TVS Holdings 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. TVS Holdings's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.97%.

TVS Holdings ROCE % Historical Data

The historical data trend for TVS Holdings'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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TVS Holdings ROCE % Chart

TVS Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.37

15.99

15.12

14.02

14.18

TVS Holdings 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															26.45	14.44	14.30	14.41	15.97

TVS Holdings ROCE % Calculation

TVS Holdings'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 )
	=	48170.3	/	( ( (393495.5 - 64410.5)	+	(447267.5 - 97097.8) )	/ 2 )
	=	48170.3	/	( (329085	+	350169.7)	/ 2 )
	=	48170.3	/	339627.35
	=	14.18 %

TVS Holdings'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 )
	=	63120.4	/	( ( (472562.8 - 77416.4)	+	(0 - 0) )	/ 1 )
	=	63120.4	/	( ( 395146.4	+	0 )	/ 1 )
	=	63120.4	/	395146.4
	=	15.97 %

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

TVS Holdings (BOM:520056) 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.

TVS Holdings ROCE % Related Terms

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TVS Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TVS Holdings Ltd (BOM:520056) » Definitions » ROCE %

Traded in Other Exchanges

TVSHLTD:India

Address

No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai, TN, IND, 600006

Website

https://www.tvsholdings.com

TVS Holdings Ltd is an auto component manufacturing company. It manufactures aluminum pressure die castings for heavy commercial vehicles, passenger cars, and two-wheelers. The product range includes flywheel housing, gear housing, clutch housing, filter heads, air connectors, lube oil cooler cover assembly, filtration module casting, turbochargers, and others. The company has the following reportable operating segments; Automotive components, Financial services, Automotive vehicles and parts, and others. Maximum revenue is generated from its Automotive vehicles and parts segment. Geographically, the company derives its key revenue from the domestic markets and the rest through exports.

TVS Holdings Headlines

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