Goenka Business & Finance (BOM:538787) ROCE % : 5.41% (As of Dec. 2024)

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What is Goenka Business & 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. Goenka Business & Finance's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.41%.

Goenka Business & Finance ROCE % Historical Data

The historical data trend for Goenka Business & 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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Goenka Business & Finance ROCE % Chart

Goenka Business & Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.22

19.31

58.09

33.98

45.02

Goenka Business & Finance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															12.94	63.97	26.53	8.63	5.41

Goenka Business & Finance ROCE % Calculation

Goenka Business & Finance'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 )
	=	145.706	/	( ( (1234.855 - 942.628)	+	(1918.44 - 1563.386) )	/ 2 )
	=	145.706	/	( (292.227	+	355.054)	/ 2 )
	=	145.706	/	323.6405
	=	45.02 %

Goenka Business & Finance's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	107.24	/	( ( (2079.428 - 96.695)	+	(0 - 0) )	/ 1 )
	=	107.24	/	( ( 1982.733	+	0 )	/ 1 )
	=	107.24	/	1982.733
	=	5.41 %

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

Goenka Business & Finance (BOM:538787) 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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Goenka Business & Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Goenka Business & Finance Ltd (BOM:538787) » Definitions » ROCE %

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Address

Premchand Nagar road, Jodhpur Char Rasta, 3rd Floor 3E Rajyash Uniza Corporate Office Above Starbucks, Opposite Krishna Complex Satellite, Ahmedabad, GJ, IND, 380015

Website

http://www.goenkabusinessfinancelimited.in

Goenka Business & Finance Ltd is engaged in the business of lending. It also accepts loans-advances and offers variety of financial services to its customers & the Company is also involved in derivatives.

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