TVS Motor Co (BOM:532343) ROCE % : 25.79% (As of Sep. 2024)

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What is TVS Motor 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. TVS Motor Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 25.79%.

TVS Motor Co ROCE % Historical Data

The historical data trend for TVS Motor 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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TVS Motor Co ROCE % Chart

TVS Motor Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.16

16.43

16.04

22.52

24.87

TVS Motor 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															22.93	24.62	21.80	23.48	25.79

TVS Motor Co ROCE % Calculation

TVS Motor 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 )
	=	46195.5	/	( ( (352329.1 - 192187)	+	(422204.6 - 210782.1) )	/ 2 )
	=	46195.5	/	( (160142.1	+	211422.5)	/ 2 )
	=	46195.5	/	185782.3
	=	24.87 %

TVS Motor 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 )
	=	55862.4	/	( ( (0 - 0)	+	(449457.3 - 232817.7) )	/ 1 )
	=	55862.4	/	( ( 0	+	216639.6 )	/ 1 )
	=	55862.4	/	216639.6
	=	25.79 %

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

TVS Motor Co (BOM:532343) 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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TVS Motor Co Business Description

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TVSMOTOR:India

Address

Khader Nawaz Khan Road, Chaitanya, No. 12, Nungambakkam, Chennai, TN, IND, 600006

Website

https://www.tvsmotor.com

TVS Motor Co Ltd is an Indian automobile manufacturing company focused on the production of two-wheeled vehicles. The company principally manufactures motorcycles, scooters, mopeds, three-wheelers, and related spare parts and accessories. The company's reportable segments are Automotive vehicles and parts, Automotive Components, Financial Services, and Others. The company generates a majority of its revenue from the Automotive vehicles and parts segment. Geographically, the company derives its key revenue from India and the rest from other countries through exports.

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