Resourceful Automobile (BOM:544236) ROCE % : -2.91% (As of Sep. 2024)

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What is Resourceful Automobile 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. Resourceful Automobile's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.91%.

Resourceful Automobile ROCE % Historical Data

The historical data trend for Resourceful Automobile'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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Resourceful Automobile ROCE % Chart

Resourceful Automobile Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

9.63

20.61

19.00

Resourceful Automobile Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	23.20	-2.91

Resourceful Automobile ROCE % Calculation

Resourceful Automobile's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	13.595	/	( ( (100.858 - 40.957)	+	(100.049 - 16.873) )	/ 2 )
	=	13.595	/	( (59.901	+	83.176)	/ 2 )
	=	13.595	/	71.5385
	=	19.00 %

Resourceful Automobile'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: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	-4.936	/	( ( (0 - 0)	+	(222.698 - 53.172) )	/ 1 )
	=	-4.936	/	( ( 0	+	169.526 )	/ 1 )
	=	-4.936	/	169.526
	=	-2.91 %

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

Resourceful Automobile (BOM:544236) 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.

Resourceful Automobile ROCE % Related Terms

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Resourceful Automobile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Resourceful Automobile Ltd (BOM:544236) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

KH No. 107/10 Main Road, K-24, Upper Ground, Raja puri, West Delhi, New Delhi, IND, 110059

Website

https://www.sawhneyauto.com

Resourceful Automobile Ltd is engaged in the dealership of two-wheeler bike of Yamaha, operating under the showroom name Sawhney Automobile. It is also involved in the sales and servicing of motorcycles and scooters. It operates in a single segment: Sales of bikes.

Resourceful Automobile Headlines

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