Humming Bird Education (BOM:542592) ROCE % : 92.07% (As of Sep. 2024)

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What is Humming Bird Education 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. Humming Bird Education's annualized ROCE % for the quarter that ended in Sep. 2024 was 92.07%.

Humming Bird Education ROCE % Historical Data

The historical data trend for Humming Bird Education'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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Humming Bird Education ROCE % Chart

Humming Bird Education Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.21

-37.31

-19.17

15.76

5.85

Humming Bird Education Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial											40.02	-8.85	54.71	-46.20	92.07

Humming Bird Education ROCE % Calculation

Humming Bird Education'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 )
	=	1.171	/	( ( (22.534 - 1.716)	+	(26.43 - 7.216) )	/ 2 )
	=	1.171	/	( (20.818	+	19.214)	/ 2 )
	=	1.171	/	20.016
	=	5.85 %

Humming Bird Education'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 )
	=	22.644	/	( ( (26.43 - 7.216)	+	(49.677 - 19.703) )	/ 2 )
	=	22.644	/	( ( 19.214	+	29.974 )	/ 2 )
	=	22.644	/	24.594
	=	92.07 %

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

Humming Bird Education (BOM:542592) 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.

Humming Bird Education ROCE % Related Terms

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Humming Bird Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Humming Bird Education Ltd (BOM:542592) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wazirpur Industrial Area, A 95/ 3, 2nd Floor, Delhi, IND, 110052

Website

https://www.hummingbirdeducation.com

Humming Bird Education Ltd is an Indian-based company operating in the education sector. The company offers multifaceted evaluation, extending beyond the traditional IQ (Intelligence Quotient) to include EQ (Emotional Quotient), SQ (Spiritual Quotient), CQ (Creativity Quotient), AQ (Adversity Quotient), FQ (Financial Quotient), and notably HQ (Happiness Quotient). The company operates within India.

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