Tourism Finance of India (NSE:TFCILTD) ROCE % : 3.68% (As of Dec. 2024)

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What is Tourism Finance of 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. Tourism Finance of India's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.68%.

Tourism Finance of India ROCE % Historical Data

The historical data trend for Tourism Finance of 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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Tourism Finance of India ROCE % Chart

Tourism Finance of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.14

9.74

10.54

9.07

8.06

Tourism Finance of India Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															7.10	12.49	6.59	5.75	3.68

Tourism Finance of India ROCE % Calculation

Tourism Finance of India'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 )
	=	1494.813	/	( ( (20447.919 - 2726.588)	+	(21058.904 - 1708.336) )	/ 2 )
	=	1494.813	/	( (17721.331	+	19350.568)	/ 2 )
	=	1494.813	/	18535.9495
	=	8.06 %

Tourism Finance of India's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	824.292	/	( ( (22403.401 - 0)	+	(0 - 0) )	/ 1 )
	=	824.292	/	( ( 22403.401	+	0 )	/ 1 )
	=	824.292	/	22403.401
	=	3.68 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Tourism Finance of India (NSE:TFCILTD) 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.

Tourism Finance of India ROCE % Related Terms

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Tourism Finance of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Tourism Finance Corp of India Ltd (NSE:TFCILTD) » Definitions » ROCE %

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526650:India

Address

4th Floor, Tower 1, NBCC Plaza, Pushp Vihar, Sector-V, Saket, New Delhi, IND, 110 017

Website

https://www.tfciltd.com

Tourism Finance Corp of India Ltd is engaged in the provision of financial services. It provides financial assistance by way of rupee term loans, subscriptions to equity/debentures, and corporate loans mainly to hotel projects, amusement parks, ropeways, multiplexes, restaurants, and others. The company products and services include tourism project financing, other financings, and tourism advisory services. Its only operating segment being Financing and Investment Activities. Geographically, the company derives a majority of revenue from India.

Tourism Finance of India Headlines

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