Rithwik Facility Management Services (BOM:540843) ROCE % : 20.22% (As of Sep. 2024)

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What is Rithwik Facility Management Services 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. Rithwik Facility Management Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.22%.

Rithwik Facility Management Services ROCE % Historical Data

The historical data trend for Rithwik Facility Management Services'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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Rithwik Facility Management Services ROCE % Chart

Rithwik Facility Management Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.47

7.80

8.25

20.11

18.73

Rithwik Facility Management Services Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial														18.80	20.81	19.40	16.49	20.22

Rithwik Facility Management Services ROCE % Calculation

Rithwik Facility Management Services'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 )
	=	39.098	/	( ( (249.737 - 56.69)	+	(284.234 - 59.847) )	/ 2 )
	=	39.098	/	( (193.047	+	224.387)	/ 2 )
	=	39.098	/	208.717
	=	18.73 %

Rithwik Facility Management Services's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	47.6	/	( ( (284.234 - 59.847)	+	(308.647 - 62.308) )	/ 2 )
	=	47.6	/	( ( 224.387	+	246.339 )	/ 2 )
	=	47.6	/	235.363
	=	20.22 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Rithwik Facility Management Services (BOM:540843) 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.

Rithwik Facility Management Services ROCE % Related Terms

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Rithwik Facility Management Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rithwik Facility Management Services Ltd (BOM:540843) » Definitions » ROCE %

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Address

R.R Tower III, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai, TN, IND, 600032

Website

https://www.rithwik.co.in

Rithwik Facility Management Services Ltd is an Indian company engaged in the business of integrated facilities and property management. The principal business of the company is to provide facility management to IT/Industrial Parks, high rise buildings and apartments and commercial complexes of all nature. It derives prime revenue from the provision of facility management services. The company offers services such as housekeeping, security service, carpenters, electricians, pest control, HVAC and AMC for old building equipment.

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