Indergiri Finance (BOM:531505) ROCE % : 8.02% (As of Mar. 2024)

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What is Indergiri Finance 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. Indergiri Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.02%.

Indergiri Finance ROCE % Historical Data

The historical data trend for Indergiri Finance'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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Indergiri Finance ROCE % Chart

Indergiri Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.41

0.62

1.78

0.74

-7.60

Indergiri Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															28.61	-12.95	-11.17	-25.33	8.02

Indergiri Finance ROCE % Calculation

Indergiri Finance'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 )
	=	-5.029	/	( ( (52.537 - 2.514)	+	(83.624 - 1.315) )	/ 2 )
	=	-5.029	/	( (50.023	+	82.309)	/ 2 )
	=	-5.029	/	66.166
	=	-7.60 %

Indergiri Finance'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 )
	=	6.276	/	( ( (74.274 - 0)	+	(83.624 - 1.315) )	/ 2 )
	=	6.276	/	( ( 74.274	+	82.309 )	/ 2 )
	=	6.276	/	78.2915
	=	8.02 %

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

Indergiri Finance (BOM:531505) 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.

Indergiri Finance ROCE % Related Terms

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Indergiri Finance (BOM:531505) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Indergiri Finance Ltd (BOM:531505) » Definitions » ROCE %

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Address

Andheri Kurla Road, Unit No. 806, B Wing 8th Floor, Kanakia Wall Street, Chakala, Andheri East, Mumbai, MH, IND, 400093

Website

https://www.indergiri.com

Indergiri Finance Ltd is a non-banking finance company (NBFC). It is engaged in fund base business activities of leasing, hire purchase, lending, and investment besides non-fund based business activities like merchant banking, syndication, and arrangement of finance etc. The company operates mainly in the business segment of fund based financing activity. All activities of the business are carried out within India.

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