Transport of India (BOM:532349) ROCE % : 22.10% (As of Sep. 2024)

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What is Transport of India 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. Transport of India's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.10%.

Transport of India ROCE % Historical Data

The historical data trend for Transport of India'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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Transport of India ROCE % Chart

Transport of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.43

15.67

23.79

22.09

19.75

Transport of India 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															19.65	18.42	19.60	19.27	22.10

Transport of India ROCE % Calculation

Transport of India'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 )
	=	3998.68	/	( ( (21009.16 - 2684.26)	+	(25013.93 - 2841.89) )	/ 2 )
	=	3998.68	/	( (18324.9	+	22172.04)	/ 2 )
	=	3998.68	/	20248.47
	=	19.75 %

Transport of India'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 )
	=	4912	/	( ( (0 - 0)	+	(26145 - 3921) )	/ 1 )
	=	4912	/	( ( 0	+	22224 )	/ 1 )
	=	4912	/	22224
	=	22.10 %

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

Transport of India (BOM:532349) 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.

Transport of India ROCE % Related Terms

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Transport of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Transport Corp of India Ltd (BOM:532349) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TCI:India

Address

TCI House, 69 Institutional Area, Sector-32, Gurugram, HR, IND, 122001

Website

https://www.tcil.com

Transport Corp of India Ltd is an integrated logistics and supply chain solutions provider. The company's operating segment includes Freight, Supply Chain Solutions, Seaways, and Energy. It generates maximum revenue from the Freight Division segment. The Company derives revenues primarily from business of freight, logistic services (comprising of supply chain management warehousing and allied services) and sale of power. Geographically, it operates only in India.

Transport of India Headlines

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