Tips Films (NSE:TIPSFILMS) ROCE % : 7.81% (As of Mar. 2024)

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What is Tips Films 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. Tips Films's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.81%.

Tips Films ROCE % Historical Data

The historical data trend for Tips Films'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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Tips Films ROCE % Chart

Tips Films Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

13.46

39.40

0.99

Tips Films Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	-	58.60	26.01	-5.55	7.81

Tips Films ROCE % Calculation

Tips Films'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 )
	=	9.601	/	( ( (1448.734 - 447.276)	+	(1043.062 - 106.671) )	/ 2 )
	=	9.601	/	( (1001.458	+	936.391)	/ 2 )
	=	9.601	/	968.9245
	=	0.99 %

Tips Films'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	72.558	/	( ( (1295.952 - 375.211)	+	(1043.062 - 106.671) )	/ 2 )
	=	72.558	/	( ( 920.741	+	936.391 )	/ 2 )
	=	72.558	/	928.566
	=	7.81 %

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

Tips Films (NSE:TIPSFILMS) 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.

Tips Films ROCE % Related Terms

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Tips Films (NSE:TIPSFILMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tips Films Ltd (NSE:TIPSFILMS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543614:India

Address

278/E, Linking Road, 501, Durga Chambers,5th Floor, Opp. B.P.L. Gallery, Khar (West), Mumbai, MH, IND, 400052

Website

https://www.tips.in

Tips Films Ltd is in the media & entertainment Industry. The company is in the business of production and distribution of films, web series, and related content on various platforms. Geographically, the majority of revenue is generated from India.

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