TVS Electronics (BOM:532513) ROCE % : 2.09% (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is TVS Electronics 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 Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.09%.

TVS Electronics ROCE % Historical Data

The historical data trend for TVS Electronics'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.

* Premium members only.

TVS Electronics ROCE % Chart

TVS Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

2.61

3.24

23.69

13.58

1.13

TVS Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.21	2.53	6.31	-6.42	2.09

TVS Electronics ROCE % Calculation

TVS Electronics'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 )
	=	12.8	/	( ( (2212.3 - 1091.1)	+	(2442.8 - 1295.2) )	/ 2 )
	=	12.8	/	( (1121.2	+	1147.6)	/ 2 )
	=	12.8	/	1134.4
	=	1.13 %

TVS Electronics'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 )
	=	24	/	( ( (0 - 0)	+	(2442.8 - 1295.2) )	/ 1 )
	=	24	/	( ( 0	+	1147.6 )	/ 1 )
	=	24	/	1147.6
	=	2.09 %

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

TVS Electronics (BOM:532513) 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.

TVS Electronics ROCE % Related Terms

Thank you for viewing the detailed overview of TVS Electronics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

TVS Electronics (BOM:532513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TVS Electronics Ltd (BOM:532513) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TVSELECT:India

Address

No. 117/1, L.B. Road, Arihant E-Park, 9th Floor, Adyar, Chennai, TN, IND, 600 020

Website

https://www.tvs-e.in

TVS Electronics Ltd is a manufacturer and service provider of Transaction Automation IT Products. The company's operating segments include Products & Solutions; and Customer support services. The company generates maximum revenue from the Products & Solutions segment that design, manufacture, assemble, market, sell and service various transaction automation products like Dot Matrix Printers, Thermal Printers, Label Printers, CCTV Cameras, Mechanical Keyboards, Membrane Keyboards, Mouse, Barcode Scanners, Electronic Cash Registers and Currency Counting Machines. The company provides services for products such as IT products, Telecom, Banking, Retail Automation, Consumer Electronics, and Security Devices.

TVS Electronics (BOM:532513) Headlines

No Headlines