CarTrade Tech (BOM:543333) ROCE % : 4.71% (As of Jun. 2024)

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What is CarTrade Tech 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. CarTrade Tech's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.71%.

CarTrade Tech ROCE % Historical Data

The historical data trend for CarTrade Tech'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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CarTrade Tech ROCE % Chart

CarTrade Tech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.14

3.21

-5.68

3.13

4.80

CarTrade Tech Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial													3.26	3.16	5.18	5.70	4.71

CarTrade Tech ROCE % Calculation

CarTrade Tech'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 )
	=	1072.83	/	( ( (23432.281 - 1394.931)	+	(25097.833 - 2441.628) )	/ 2 )
	=	1072.83	/	( (22037.35	+	22656.205)	/ 2 )
	=	1072.83	/	22346.7775
	=	4.80 %

CarTrade Tech's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	1068.072	/	( ( (25097.833 - 2441.628)	+	(0 - 0) )	/ 1 )
	=	1068.072	/	( ( 22656.205	+	0 )	/ 1 )
	=	1068.072	/	22656.205
	=	4.71 %

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

CarTrade Tech (BOM:543333) 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.

CarTrade Tech ROCE % Related Terms

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CarTrade Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CarTrade Tech Ltd (BOM:543333) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CARTRADE:India

Address

S Pranavanandji Marg, Vishwaroop IT Park, 12th Floor, Sector 30A, Vashi, Navi Mumbai, MH, IND, 400 705

Website

https://www.cartradetech.com

CarTrade Tech Ltd is a multi-channel auto platform provider company. The company operates various brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and AutoBiz. The platform connects new and used automobile customers, vehicle dealers, vehicle OEMs, and other businesses to buy and sell different types of vehicles. The company offers a variety of solutions across automotive transactions for buying, selling, marketing, financing, and other activities.

CarTrade Tech Headlines

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