Competent Automobiles Co (BOM:531041) ROCE % : 11.43% (As of Sep. 2024)

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What is Competent Automobiles Co 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. Competent Automobiles Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.43%.

Competent Automobiles Co ROCE % Historical Data

The historical data trend for Competent Automobiles Co'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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Competent Automobiles Co ROCE % Chart

Competent Automobiles Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.00

10.41

9.65

14.09

15.84

Competent Automobiles Co 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															12.71	17.60	19.61	14.03	11.43

Competent Automobiles Co ROCE % Calculation

Competent Automobiles Co'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 )
	=	616.185	/	( ( (5645.205 - 1975.992)	+	(7028.96 - 2916.237) )	/ 2 )
	=	616.185	/	( (3669.213	+	4112.723)	/ 2 )
	=	616.185	/	3890.968
	=	15.84 %

Competent Automobiles Co'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 )
	=	486.076	/	( ( (0 - 0)	+	(7901.874 - 3648.113) )	/ 1 )
	=	486.076	/	( ( 0	+	4253.761 )	/ 1 )
	=	486.076	/	4253.761
	=	11.43 %

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

Competent Automobiles Co (BOM:531041) 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.

Competent Automobiles Co ROCE % Related Terms

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Competent Automobiles Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Competent Automobiles Co Ltd (BOM:531041) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Competent House, F-14, Connaught Place, New Delhi, IND, 110001

Website

https://www.competent-maruti.com

Competent Automobiles Co Ltd is mainly in the business of trading and servicing of Maruti Suzuki vehicles. The company operates in two segments, Showroom segment and Services & Spares segment. The company receives maximum revenue from the Showroom segment.

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