Reliance Home Finance (BOM:540709) ROCE % : -31.60% (As of Dec. 2023)

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What is Reliance Home Finance 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. Reliance Home Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was -31.60%.

Reliance Home Finance ROCE % Historical Data

The historical data trend for Reliance Home Finance'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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Reliance Home Finance ROCE % Chart

Reliance Home Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.83

-5.36

-33.77

-380.22

Reliance Home Finance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.14	-6.36	-	-	-31.60

Reliance Home Finance ROCE % Calculation

Reliance Home Finance'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 )
	=	90162.7	/	( ( (101443.3 - 112735.7)	+	(348.5 - 1086.9) )	/ 2 )
	=	90162.7	/	( (-11292.4	+	-738.4)	/ 2 )
	=	90162.7	/	-6015.4
	=	-1,498.86 %

Reliance Home Finance'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-102.42	/	( ( (324.1 - 0)	+	(0 - 0) )	/ 1 )
	=	-102.42	/	( ( 324.1	+	0 )	/ 1 )
	=	-102.42	/	324.1
	=	-31.60 %

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

Reliance Home Finance (BOM:540709) 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.

Reliance Home Finance ROCE % Related Terms

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Reliance Home Finance (BOM:540709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Reliance Home Finance Ltd (BOM:540709) » Definitions » ROCE %

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RHFL:India

Address

The Ruby, Senapati Bapat Marg, North-West Wing, Plot No. 29, 11th Floor, Dadar West, Mumbai, MH, IND, 400 028

Website

https://www.reliancehomefinance.com

Reliance Home Finance Ltd is an India-based company engaged in the housing finance business. It provides a range of housing finance solutions such as home loans, affordable housing loans, loan against property, and construction finance. In addition, it also provides property solutions service. The company derives key revenue from the interest received from housing and other loans. The business operations of the company are carried out in India.

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