D B (BOM:533151) ROCE % : 26.60% (As of Mar. 2024)

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What is D B 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. D B's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.60%.

D B ROCE % Historical Data

The historical data trend for D B'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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D B ROCE % Chart

D B Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.10

10.83

10.06

11.53

25.00

D B 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															10.83	19.83	23.91	30.05	26.60

D B ROCE % Calculation

D B'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 )
	=	5892.66	/	( ( (25788.26 - 3879.88)	+	(29926.85 - 4685.67) )	/ 2 )
	=	5892.66	/	( (21908.38	+	25241.18)	/ 2 )
	=	5892.66	/	23574.78
	=	25.00 %

D B'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 )
	=	6712.92	/	( ( (0 - 0)	+	(29926.85 - 4685.67) )	/ 1 )
	=	6712.92	/	( ( 0	+	25241.18 )	/ 1 )
	=	6712.92	/	25241.18
	=	26.60 %

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

D B (BOM:533151) 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.

D B ROCE % Related Terms

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D B (BOM:533151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » D B Corp Ltd (BOM:533151) » Definitions » ROCE %

Traded in Other Exchanges

DBCORP:India

Address

6, Dwarka Sadan, Press Complex, M P Nagar Zone I, Bhopal, MP, IND, 462011

Website

https://www.dbcorpltd.com

D B Corp Ltd is an Indian print media company with a presence in the radio and digital sectors. The company publishes six newspapers in Hindi, Gujarati, Marathi, and English across 14 states with a total readership of approximately 44 million. Its operating segments include the Printing / Publishing and Radio segment. The flagship newspaper brands of the Group are Dainik Bhaskar, Divya Bhaskar, and Divya Marathi. MY FM, the Group's radio network has more than 25 radio stations, and its digital arm, DB Digital has nine digital portals in four languages. The group has two geographical segments within India and outside India. Its operations are within India.

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