Balgopal Commercial (BOM:539834) ROCE % : -2.85% (As of Dec. 2024)

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What is Balgopal Commercial 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. Balgopal Commercial's annualized ROCE % for the quarter that ended in Dec. 2024 was -2.85%.

Balgopal Commercial ROCE % Historical Data

The historical data trend for Balgopal Commercial'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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Balgopal Commercial ROCE % Chart

Balgopal Commercial Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-67.61

54.93

2.38

0.87

63.80

Balgopal Commercial 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															72.31	54.95	63.14	77.80	-2.85

Balgopal Commercial ROCE % Calculation

Balgopal Commercial'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 )
	=	141.464	/	( ( (176.377 - 19.228)	+	(347.418 - 61.073) )	/ 2 )
	=	141.464	/	( (157.149	+	286.345)	/ 2 )
	=	141.464	/	221.747
	=	63.80 %

Balgopal Commercial'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 )
	=	-11.732	/	( ( (483.761 - 72.058)	+	(0 - 0) )	/ 1 )
	=	-11.732	/	( ( 411.703	+	0 )	/ 1 )
	=	-11.732	/	411.703
	=	-2.85 %

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

Balgopal Commercial (BOM:539834) 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.

Balgopal Commercial ROCE % Related Terms

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Balgopal Commercial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Balgopal Commercial Ltd (BOM:539834) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jijamata Road, Upadhyay Compound, Flat No. B-002, Dreamax Vega, Lobby Level Floor, Pump House, Andheri (East), Mumbai, MH, IND, 400093

Website

http://www.bcommercial.org

Balgopal Commercial Ltd is mainly engaged in trading activities and invests and acquires or otherwise deals in derivatives, shares, debentures, bonds, obligations, and securities issued/guaranteed by the Government, state, Dominion in India, or elsewhere. The company generates the majority of its revenue from the sale of securities.

Balgopal Commercial Headlines

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