Veefin Solutions (BOM:543931) ROCE % : 17.05% (As of Mar. 2024)

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What is Veefin Solutions 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. Veefin Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.05%.

Veefin Solutions ROCE % Historical Data

The historical data trend for Veefin Solutions'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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Veefin Solutions ROCE % Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

1.42

7.88

38.09

7.43

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	3.67	17.05

Veefin Solutions ROCE % Calculation

Veefin Solutions'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 )
	=	100.119	/	( ( (0 - 0)	+	(1450.085 - 103.432) )	/ 1 )
	=	100.119	/	( (0	+	1346.653)	/ 1 )
	=	100.119	/	1346.653
	=	7.43 %

Veefin Solutions'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	174.504	/	( ( (767.088 - 66.558)	+	(1450.085 - 103.432) )	/ 2 )
	=	174.504	/	( ( 700.53	+	1346.653 )	/ 2 )
	=	174.504	/	1023.5915
	=	17.05 %

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

Veefin Solutions (BOM:543931) 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.

Veefin Solutions ROCE % Related Terms

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Veefin Solutions (BOM:543931) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool that is used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers. The company operates in two segments; Supply Chain Finance Technology Solutions and Digital Lending Suite Solutions.

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