India Home Loan (BOM:530979) ROCE % : -4.19% (As of Dec. 2023)

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What is India Home Loan 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. India Home Loan's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.19%.

India Home Loan ROCE % Historical Data

The historical data trend for India Home Loan'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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India Home Loan ROCE % Chart

India Home Loan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.93

2.17

1.86

4.13

1.48

India Home Loan Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.28	2.15	-0.94	1.92	-4.19

India Home Loan ROCE % Calculation

India Home Loan's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	22.701	/	( ( (1732.23 - 24.781)	+	(1391.786 - 21.734) )	/ 2 )
	=	22.701	/	( (1707.449	+	1370.052)	/ 2 )
	=	22.701	/	1538.7505
	=	1.48 %

India Home Loan's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-47.6	/	( ( (1148.517 - 13.158)	+	(0 - 0) )	/ 1 )
	=	-47.6	/	( ( 1135.359	+	0 )	/ 1 )
	=	-47.6	/	1135.359
	=	-4.19 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

India Home Loan (BOM:530979) 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.

India Home Loan ROCE % Related Terms

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India Home Loan (BOM:530979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » India Home Loan Ltd (BOM:530979) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Jatashankar Dossa Road, 504/504A, 5th Floor, Nirmal Ecstasy, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.indiahomeloan.co.in

India Home Loan Ltd is a housing finance company in India. It offers home loan products for the housing segment. The company provides home loans to individuals and families for the purchase, construction, and extension of residential houses. In addition, it also provides loans for the repair and renovation of houses and offers mortgage loans against residential properties. The main source of revenue for the company is the interest received on loans.

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