TAAL Enterprises (BOM:539956) ROCE % : 32.12% (As of Mar. 2024)

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What is TAAL Enterprises 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. TAAL Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.12%.

TAAL Enterprises ROCE % Historical Data

The historical data trend for TAAL Enterprises'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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TAAL Enterprises ROCE % Chart

TAAL Enterprises Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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44.36

48.58

47.80

38.83

35.15

TAAL Enterprises 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															32.20	38.97	40.46	29.08	32.12

TAAL Enterprises ROCE % Calculation

TAAL Enterprises'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 )
	=	521.071	/	( ( (1561.181 - 254.535)	+	(1903.091 - 244.952) )	/ 2 )
	=	521.071	/	( (1306.646	+	1658.139)	/ 2 )
	=	521.071	/	1482.3925
	=	35.15 %

TAAL Enterprises'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 )
	=	532.66	/	( ( (0 - 0)	+	(1903.091 - 244.952) )	/ 1 )
	=	532.66	/	( ( 0	+	1658.139 )	/ 1 )
	=	532.66	/	1658.139
	=	32.12 %

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

TAAL Enterprises (BOM:539956) 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.

TAAL Enterprises ROCE % Related Terms

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TAAL Enterprises (BOM:539956) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TAAL Enterprises Ltd (BOM:539956) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

7th Mile Hosur Road, Survey no. 112, Krishna Reddy Industrial Area, 3rd Floor, C Block, AKR Tech Park, Singasandra, Bangalore, KA, IND, 560068

Website

http://www.taalent.co.in

TAAL Enterprises Ltd offers air charter solutions. It is engaged in providing air-charter service for Luxury private air charter to any destination, tailored service, and other related services. Its segments include Air Charter and Engineering Design Services. Geographically the group has a business presence in India and Outside India, of which key revenue is generated from Outside India.

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