Blue Dart Express (BOM:526612) ROCE % : 25.24% (As of Mar. 2024)

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What is Blue Dart Express 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. Blue Dart Express's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.24%.

Blue Dart Express ROCE % Historical Data

The historical data trend for Blue Dart Express'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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Blue Dart Express ROCE % Chart

Blue Dart Express Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.75

15.18

37.89

31.40

23.09

Blue Dart Express 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															21.18	19.34	22.36	24.22	25.24

Blue Dart Express ROCE % Calculation

Blue Dart Express'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 )
	=	4707.6	/	( ( (32230.4 - 11158.6)	+	(34609 - 14909.5) )	/ 2 )
	=	4707.6	/	( (21071.8	+	19699.5)	/ 2 )
	=	4707.6	/	20385.65
	=	23.09 %

Blue Dart Express'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 )
	=	4972	/	( ( (0 - 0)	+	(34609 - 14909.5) )	/ 1 )
	=	4972	/	( ( 0	+	19699.5 )	/ 1 )
	=	4972	/	19699.5
	=	25.24 %

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

Blue Dart Express (BOM:526612) 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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Blue Dart Express (BOM:526612) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Blue Dart Express Ltd (BOM:526612) » Definitions » ROCE %

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BLUEDART:India

Address

Sahar Airport Road, Blue Dart Centre, Andheri (East), Mumbai, MH, IND, 400 099

Website

https://www.bluedart.com

Blue Dart Express Ltd is a courier and package delivery company which focuses on express delivery using air and ground transportation in India. The company is headquartered in India, and generates all revenue domestically. Blue Dart Express operates through a single segment, and provides integrated air and ground transportation to distribute packages to various destinations within India. The company also operates and maintains aircraft for the purpose of package delivery.

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