IBL Finance (NSE:IBLFL) ROCE % : 7.62% (As of Mar. 2024)

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What is IBL 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. IBL Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.62%.

IBL Finance ROCE % Historical Data

The historical data trend for IBL 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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IBL Finance ROCE % Chart

IBL Finance Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-2.87

16.81

23.54

7.62

IBL Finance Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	-2.87	16.81	23.54	7.62

IBL Finance ROCE % Calculation

IBL 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 )
	=	30.63	/	( ( (222.711 - 15.123)	+	(663.55 - 66.914) )	/ 2 )
	=	30.63	/	( (207.588	+	596.636)	/ 2 )
	=	30.63	/	402.112
	=	7.62 %

IBL Finance'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 )
	=	30.63	/	( ( (222.711 - 15.123)	+	(663.55 - 66.914) )	/ 2 )
	=	30.63	/	( ( 207.588	+	596.636 )	/ 2 )
	=	30.63	/	402.112
	=	7.62 %

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

IBL Finance (NSE:IBLFL) 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.

IBL Finance ROCE % Related Terms

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IBL Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IBL Finance Ltd (NSE:IBLFL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ring Road, 1001, World Trade Center, Nr. Udhna Darwaja, Surat, GJ, IND, 395002

Website

https://www.iblfinance.in

IBL Finance Ltd is a fintech-based financial services platform that leverages technology and data science to make lending quick and easy. It has a mobile application that provides instant personal loans which loan up to Rupees 50,000 with tenors of up to 12 months through an entirely digital mobile App-only process. The Company is engaged in one segment only i.e. Loan Segment. The company generates revenue from Interest Income on Loan Portfolio and Loan Processing Fees & Charges.

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