Vax Housing Finance (BOM:531650) ROCE % : 0.02% (As of Sep. 2022)

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What is Vax Housing 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. Vax Housing Finance's annualized ROCE % for the quarter that ended in Sep. 2022 was 0.02%.

Vax Housing Finance ROCE % Historical Data

The historical data trend for Vax Housing 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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Vax Housing Finance ROCE % Chart

Vax Housing Finance Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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0.01

0.02

Vax Housing Finance Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
ROCE %	Get a 7-Day Free Trial															0.01	0.01	-0.04	-0.08	0.02

Vax Housing Finance ROCE % Calculation

Vax Housing Finance's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-0.016	/	( ( (434.768 - 0.369)	+	(435.106 - 0.369) )	/ 2 )
	=	-0.016	/	( (434.399	+	434.737)	/ 2 )
	=	-0.016	/	434.568
	=	-0.00 %

Vax Housing Finance's ROCE % of for the quarter that ended in Sep. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2022 )		(Q: Jun. 2022 )		(Q: Sep. 2022 )
	=	0.092	/	( ( (0 - 0)	+	(435.329 - 0.177) )	/ 1 )
	=	0.092	/	( ( 0	+	435.152 )	/ 1 )
	=	0.092	/	435.152
	=	0.02 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2022) EBIT data.

Vax Housing Finance (BOM:531650) 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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Vax Housing Finance (BOM:531650) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Vax Housing Finance Corp Ltd (BOM:531650) » Definitions » ROCE %

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Address

301, Simandhar Estate, Near Sakar 3, Income Tax, Ahmedabad, GJ, IND, 380009

Website

http://www.vaxhousing.com

Vax Housing Finance Corp Ltd is engaged in credit services. The firm generates its revenue in the form of interest.

Vax Housing Finance (BOM:531650) Headlines

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