Geetanjali Credit and Capital (BOM:539486) ROCE % : 0.00% (As of Dec. 2023)

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What is Geetanjali Credit and Capital 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. Geetanjali Credit and Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Geetanjali Credit and Capital ROCE % Historical Data

The historical data trend for Geetanjali Credit and Capital'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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Geetanjali Credit and Capital ROCE % Chart

Geetanjali Credit and Capital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.05

0.06

2.68

0.27

-0.44

Geetanjali Credit and Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.31	-0.31	-0.83	-0.31	-

Geetanjali Credit and Capital ROCE % Calculation

Geetanjali Credit and Capital's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-0.137	/	( ( (32.538 - 1.146)	+	(32.537 - 1.282) )	/ 2 )
	=	-0.137	/	( (31.392	+	31.255)	/ 2 )
	=	-0.137	/	31.3235
	=	-0.44 %

Geetanjali Credit and Capital's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-0.096	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	-0.096	/	( ( 0	+	0 )	/ 1 )
	=	-0.096	/	0
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Geetanjali Credit and Capital (BOM:539486) 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.

Geetanjali Credit and Capital ROCE % Related Terms

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Geetanjali Credit and Capital (BOM:539486) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Geetanjali Credit and Capital Ltd (BOM:539486) » Definitions » ROCE %

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Address

Shop No.5,Shree Sai Sindagi Sona Bazar Complex, (Saraffa Katta) Sheelavantar Oni, Bardansal, Sarafgatti, Hubali, Dharwad, KA, IND, 580020

Website

http://www.geetanjalicreditcapital.com

Geetanjali Credit and Capital Ltd is a non-banking financial institution, provides finance and other services in India. It engages in investing in quoted and unquoted shares; advancing loans against listed shares, securities, and properties; margin funding; the provision of corporate and personal loans; trade financing and bill discounting; offering solutions for meeting liquidity requirements with technical insights into capital markets; and portfolio management/consultancy activities.

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