Wise Travel India (NSE:WTICAB) ROCE % : 18.80% (As of Sep. 2024)

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What is Wise Travel 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. Wise Travel India's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.80%.

Wise Travel India ROCE % Historical Data

The historical data trend for Wise Travel 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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Wise Travel India ROCE % Chart

Wise Travel India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

10.32

18.58

30.99

29.66

Wise Travel India Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	50.44	28.97	18.80

Wise Travel India ROCE % Calculation

Wise Travel 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 )
	=	337.054	/	( ( (1180.806 - 565.257)	+	(2426.533 - 769.591) )	/ 2 )
	=	337.054	/	( (615.549	+	1656.942)	/ 2 )
	=	337.054	/	1136.2455
	=	29.66 %

Wise Travel India's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	340.604	/	( ( (2426.533 - 769.591)	+	(2961.528 - 994.299) )	/ 2 )
	=	340.604	/	( ( 1656.942	+	1967.229 )	/ 2 )
	=	340.604	/	1812.0855
	=	18.80 %

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

Wise Travel India (NSE:WTICAB) 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.

Wise Travel India ROCE % Related Terms

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Wise Travel India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Wise Travel India Ltd (NSE:WTICAB) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

D-21, Corporate Park, 3rd Floor, Near Sector-8 Metro Station, Sector-21, Dwarka, GJ, IND, 110075

Website

https://www.wticabs.com

Wise Travel India Ltd is a transportation service provider company. It offers services like Car Rental Services, Employee Transportation Services, End-to-End Employee Transport Solutions (MSP), Flexible Fixed/Monthly Rental Plans, Convenient Airport Counters, Fleet Management Services, Mobility Services for MICE, Cutting-Edge Mobility Tech Solutions, Sustainable Mobility, etc.

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