Five-Star Business Finance (BOM:543663) ROCE % : 11.03% (As of Mar. 2024)

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What is Five-Star Business 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. Five-Star Business Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.03%.

Five-Star Business Finance ROCE % Historical Data

The historical data trend for Five-Star Business 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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Five-Star Business Finance ROCE % Chart

Five-Star Business Finance Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

9.53

11.38

12.80

11.76

10.98

Five-Star Business Finance Quarterly Data
	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								10.37	11.38	10.94	11.77	11.03

Five-Star Business Finance ROCE % Calculation

Five-Star Business Finance'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 )
	=	11147.022	/	( ( (87028.279 - 370.703)	+	(116887.792 - 428.629) )	/ 2 )
	=	11147.022	/	( (86657.576	+	116459.163)	/ 2 )
	=	11147.022	/	101558.3695
	=	10.98 %

Five-Star Business Finance'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 )
	=	12844.972	/	( ( (0 - 0)	+	(116887.792 - 428.629) )	/ 1 )
	=	12844.972	/	( ( 0	+	116459.163 )	/ 1 )
	=	12844.972	/	116459.163
	=	11.03 %

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

Five-Star Business Finance (BOM:543663) 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.

Five-Star Business Finance ROCE % Related Terms

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Five-Star Business Finance (BOM:543663) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Five-Star Business Finance Ltd (BOM:543663) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FIVESTAR:India

Address

New No. 27, Old No. 4, Taylor's Road, Kilpauk, Chennai, TN, IND, 600 010

Website

https://www.fivestargroup.in

Five-Star Business Finance Ltd provides secured loans to micro-entrepreneurs and self-employed individuals for business purposes, as well as for asset creation such as home renovation or improvement, or for meeting expenses for significant economic events such as marriage, healthcare and education.

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