Vani Commercials (BOM:538918) ROCE % : 3.26% (As of Sep. 2024)

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What is Vani Commercials 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. Vani Commercials's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.26%.

Vani Commercials ROCE % Historical Data

The historical data trend for Vani Commercials'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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Vani Commercials ROCE % Chart

Vani Commercials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.40

0.42

0.74

1.54

Vani Commercials 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															1.85	-0.04	2.66	-1.46	3.26

Vani Commercials ROCE % Calculation

Vani Commercials'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 )
	=	6	/	( ( (230.7 - 2.4)	+	(552.5 - 2.8) )	/ 2 )
	=	6	/	( (228.3	+	549.7)	/ 2 )
	=	6	/	389
	=	1.54 %

Vani Commercials'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 )
	=	17.6	/	( ( (0 - 0)	+	(542.1 - 2.3) )	/ 1 )
	=	17.6	/	( ( 0	+	539.8 )	/ 1 )
	=	17.6	/	539.8
	=	3.26 %

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

Vani Commercials (BOM:538918) 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.

Vani Commercials ROCE % Related Terms

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Vani Commercials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Vani Commercials Ltd (BOM:538918) » Definitions » ROCE %

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Address

Najafgarh Road, Khasra No. 19/4, Kamruddin Nagar, Near Butterfly Senior Secondary School, Nangloi, New Delhi, IND, 110041

Website

https://www.vanicommercials.com

Vani Commercials Ltd is an India-based non-banking finance company. Its product includes loans for the purchase of equipment and machinery, working capital loans, loans for business or capacity expansion, term loans against property, loans for the purchase of commercial property, and lease rental discounting. The company offers its lending services to Micro, Small, and Medium Enterprises. It derives key revenue from the Interest income.

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