Thinking Hats Entertainment Solutions (NSE:THESL) ROCE % : 51.62% (As of Mar. 2024)

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What is Thinking Hats Entertainment Solutions 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. Thinking Hats Entertainment Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 51.62%.

Thinking Hats Entertainment Solutions ROCE % Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions ROCE % Chart

Thinking Hats Entertainment Solutions Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

12.78

55.09

51.62

Thinking Hats Entertainment Solutions Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	12.78	55.09	51.62

Thinking Hats Entertainment Solutions ROCE % Calculation

Thinking Hats Entertainment Solutions'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 )
	=	48.524	/	( ( (145.681 - 77.986)	+	(240.322 - 120.03) )	/ 2 )
	=	48.524	/	( (67.695	+	120.292)	/ 2 )
	=	48.524	/	93.9935
	=	51.62 %

Thinking Hats Entertainment Solutions'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 )
	=	48.524	/	( ( (145.681 - 77.986)	+	(240.322 - 120.03) )	/ 2 )
	=	48.524	/	( ( 67.695	+	120.292 )	/ 2 )
	=	48.524	/	93.9935
	=	51.62 %

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

Thinking Hats Entertainment Solutions (NSE:THESL) 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.

Thinking Hats Entertainment Solutions ROCE % Related Terms

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Thinking Hats Entertainment Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.thes.in

Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

Thinking Hats Entertainment Solutions Headlines

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