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Ola Electric Mobility (BOM:544225) ROCE % : -40.23% (As of Mar. 2024)


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What is Ola Electric Mobility 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. Ola Electric Mobility's annualized ROCE % for the quarter that ended in Mar. 2024 was -40.23%.

Ola Electric Mobility ROCE % Historical Data

The historical data trend for Ola Electric Mobility'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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Ola Electric Mobility ROCE % Chart

Ola Electric Mobility Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROCE %
-10.05 -24.67 -36.56 -40.23

Ola Electric Mobility Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
ROCE % -10.05 -24.67 -36.56 -40.23

Ola Electric Mobility ROCE % Calculation

Ola Electric Mobility'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 )
=-13978.33/( ( (55731.69 - 23509.04) + (77354.09 - 40078.86) )/ 2 )
=-13978.33/( (32222.65+37275.23)/ 2 )
=-13978.33/34748.94
=-40.23 %

Ola Electric Mobility'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: Mar. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=-13978.33/( ( (55731.69 - 23509.04) + (77354.09 - 40078.86) )/ 2 )
=-13978.33/( ( 32222.65 + 37275.23 )/ 2 )
=-13978.33/34748.94
=-40.23 %

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

* 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.

Ola Electric Mobility  (BOM:544225) 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.

Ola Electric Mobility ROCE % Related Terms

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Ola Electric Mobility Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ola Electric Mobility Ltd (BOM:544225) » Definitions » ROCE %
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Traded in Other Exchanges
OLAELEC:India
Address
Hosur Road, Municipal Ward No.67, Wing C Star Tech, Municipal No. 140 Industrial Layout, Koramangala, Bengaluru, KA, IND, 560 095
Website
https://www.olaelectric.com
Ola Electric Mobility Ltd is a pure EV player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. The company manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seeks opportunities to export its EVs in select international markets in the future.

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