Manba Finance (BOM:544262) ROCE % : 6.19% (As of Sep. 2024)

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What is Manba 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. Manba Finance's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.19%.

Manba Finance ROCE % Historical Data

The historical data trend for Manba 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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Manba Finance ROCE % Chart

Manba Finance Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

4.48

4.50

7.09

8.35

Manba Finance Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	12.31	5.62	6.19

Manba Finance ROCE % Calculation

Manba 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 )
	=	400.203	/	( ( (7872.475 - 3880.874)	+	(9737.539 - 4145.13) )	/ 2 )
	=	400.203	/	( (3991.601	+	5592.409)	/ 2 )
	=	400.203	/	4792.005
	=	8.35 %

Manba Finance'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	562.63	/	( ( (9737.539 - 4145.13)	+	(12630.174 - 34.183) )	/ 2 )
	=	562.63	/	( ( 5592.409	+	12595.991 )	/ 2 )
	=	562.63	/	9094.2
	=	6.19 %

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

Manba Finance (BOM:544262) 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.

Manba Finance ROCE % Related Terms

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Manba Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Manba Finance Ltd (BOM:544262) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MANBA:India

Address

Road No. 16, Wagle Estate, IT/ ITES Building, Plot No. A-79, Thane, MH, IND, 400 604

Website

https://www.manbafinance.com

Manba Finance Ltd is a non-banking finance company offering financial solutions for new two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, used cars, small business loans and personal loans. The company's target customers are mainly employees and the self-employed. The company has branches in urban, semi-urban and metropolitan cities and towns serving the surrounding rural areas. It has established relationships with more than 1,100 dealers, including more than 190 EV dealers in Maharashtra, Gujarat, Rajasthan, Chhattisgarh, Madhya Pradesh and Uttar Pradesh.

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