BITS (BOM:526709) ROCE % : 0.18% (As of Sep. 2024)

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What is BITS 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. BITS's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.18%.

BITS ROCE % Historical Data

The historical data trend for BITS'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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BITS ROCE % Chart

BITS Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.42

-0.31

1.30

-0.34

12.64

BITS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															0.46	1.26	45.44	0.54	0.18

BITS ROCE % Calculation

BITS'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 )
	=	24.171	/	( ( (181.072 - 2.177)	+	(205.819 - 2.34) )	/ 2 )
	=	24.171	/	( (178.895	+	203.479)	/ 2 )
	=	24.171	/	191.187
	=	12.64 %

BITS's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	0.368	/	( ( (0 - 0)	+	(206.344 - 5.815) )	/ 1 )
	=	0.368	/	( ( 0	+	200.529 )	/ 1 )
	=	0.368	/	200.529
	=	0.18 %

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

BITS (BOM:526709) 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.

BITS ROCE % Related Terms

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BITS Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » BITS Ltd (BOM:526709) » Definitions » ROCE %

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Address

130/132, Apollo Street, Shahid Bhagat Singh Road, 23, Great Western Building, Fort, Mumbai, MH, IND, 400001

Website

https://www.bits.net.in

BITS Ltd is engaged in the business of imparting education in the fields of Art, Commerce, Science, Computer Software, Computer Hardware, Business Management, Hotel Management, Engineering & Technical Education, and in all other fields by setting up centers, institutes, colleges, universities including distance learning programs in India and Abroad.

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