Capfin India (BOM:539198) ROCE % : 20.90% (As of Mar. 2024)

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What is Capfin India 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. Capfin India's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.90%.

Capfin India ROCE % Historical Data

The historical data trend for Capfin India'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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Capfin India ROCE % Chart

Capfin India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.10

1.01

1.21

-0.83

2.07

Capfin India 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															-5.92	4.06	1.41	-15.33	20.90

Capfin India ROCE % Calculation

Capfin India'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 )
	=	0.588	/	( ( (30.947 - 0.047)	+	(25.957 - 0.022) )	/ 2 )
	=	0.588	/	( (30.9	+	25.935)	/ 2 )
	=	0.588	/	28.4175
	=	2.07 %

Capfin India'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 )
	=	5.42	/	( ( (0 - 0)	+	(25.957 - 0.022) )	/ 1 )
	=	5.42	/	( ( 0	+	25.935 )	/ 1 )
	=	5.42	/	25.935
	=	20.90 %

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

Capfin India (BOM:539198) 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.

Capfin India ROCE % Related Terms

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Capfin India (BOM:539198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Capfin India Ltd (BOM:539198) » Definitions » ROCE %

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Address

New Rohtak Road, 1C/13, Basement Rajnigandha Building, New Delhi, IND, 110005

Website

https://www.capfinindia.com

Capfin India Ltd is a non-banking financial company. It deals in the investment business, shares, stocks, and securities. It also deals in underwriting, share stock, debentures, debentures stock, bonds, mortgages, obligations, and securities. It also acts as a service agent and offers after-sale services including technical consultancy. Capfin generates revenue from the sale of shares and interest income from loan advances. The Company operates in a single segment that is ''providing loans to corporates and non-corporates".

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