Shri Niwas Leasing And Finance (BOM:538897) ROCE % : 8.36% (As of Mar. 2024)

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What is Shri Niwas Leasing And 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. Shri Niwas Leasing And Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.36%.

Shri Niwas Leasing And Finance ROCE % Historical Data

The historical data trend for Shri Niwas Leasing And 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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Shri Niwas Leasing And Finance ROCE % Chart

Shri Niwas Leasing And Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-19.71

4.63

3.82

4.12

-7.97

Shri Niwas Leasing And Finance 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															1.55	-39.73	-1.04	3.12	8.36

Shri Niwas Leasing And Finance ROCE % Calculation

Shri Niwas Leasing And 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 )
	=	-2.869	/	( ( (36.821 - 0.343)	+	(35.608 - 0.103) )	/ 2 )
	=	-2.869	/	( (36.478	+	35.505)	/ 2 )
	=	-2.869	/	35.9915
	=	-7.97 %

Shri Niwas Leasing And Finance'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 )
	=	2.968	/	( ( (0 - 0)	+	(35.608 - 0.103) )	/ 1 )
	=	2.968	/	( ( 0	+	35.505 )	/ 1 )
	=	2.968	/	35.505
	=	8.36 %

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

Shri Niwas Leasing And Finance (BOM:538897) 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.

Shri Niwas Leasing And Finance ROCE % Related Terms

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Shri Niwas Leasing And Finance (BOM:538897) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shri Niwas Leasing And Finance Ltd (BOM:538897) » Definitions » ROCE %

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Address

47/18, Rajendra Place Metro Station, Old Rajinder Nagar, New Delhi, IND, 110060

Website

https://www.shriniwasleasingfinance.com

Shri Niwas Leasing And Finance Ltd is an India-based non-banking financial company. The company is engaged in offering loans and advances to customers who meet the eligibility criteria for availing services of the company.

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