Foce India (NSE:FOCE) ROCE % : -0.18% (As of Sep. 2023)

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What is Foce India 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. Foce India's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.18%.

Foce India ROCE % Historical Data

The historical data trend for Foce India'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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Foce India ROCE % Chart

Foce India Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

31.51

26.52

26.66

45.12

24.46

Foce India Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			76.75	35.99	4.03	40.54	-0.18

Foce India ROCE % Calculation

Foce India'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 )
	=	108.405	/	( ( (533.488 - 131.622)	+	(864.601 - 379.966) )	/ 2 )
	=	108.405	/	( (401.866	+	484.635)	/ 2 )
	=	108.405	/	443.2505
	=	24.46 %

Foce India's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-0.924	/	( ( (864.601 - 379.966)	+	(1078.938 - 542.577) )	/ 2 )
	=	-0.924	/	( ( 484.635	+	536.361 )	/ 2 )
	=	-0.924	/	510.498
	=	-0.18 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Foce India (NSE:FOCE) 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.

Foce India ROCE % Related Terms

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Foce India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foce India Ltd (NSE:FOCE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4, Kingstone, Shastri Nagar, Lokhandwala Complex, Andheri (West), Mumbai, MH, IND, 400053

Website

https://foceindia.com

Foce India Ltd is engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer and others. The company geographically operates within India.

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