Choice International (BOM:531358) ROCE % : 37.14% (As of Dec. 2023)

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What is Choice International 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. Choice International's annualized ROCE % for the quarter that ended in Dec. 2023 was 37.14%.

Choice International ROCE % Historical Data

The historical data trend for Choice International'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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Choice International ROCE % Chart

Choice International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.61

16.51

14.01

23.29

19.28

Choice International 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															21.08	29.31	24.00	27.39	37.14

Choice International ROCE % Calculation

Choice International'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 )
	=	1019.605	/	( ( (9776.058 - 5219.379)	+	(11084.369 - 5063.927) )	/ 2 )
	=	1019.605	/	( (4556.679	+	6020.442)	/ 2 )
	=	1019.605	/	5288.5605
	=	19.28 %

Choice International'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 )
	=	2703.212	/	( ( (15055.053 - 7776.43)	+	(0 - 0) )	/ 1 )
	=	2703.212	/	( ( 7278.623	+	0 )	/ 1 )
	=	2703.212	/	7278.623
	=	37.14 %

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

Choice International (BOM:531358) 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.

Choice International ROCE % Related Terms

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Choice International (BOM:531358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Choice International Ltd (BOM:531358) » Definitions » ROCE %

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CHOICEIN:India

Address

Shree Shakambhari Corporate Park, Plot No.156-158, Chakravorty Ashok Society, J.B. Nagar, Andheri (East), Mumbai, MH, IND, 400099

Website

https://www.choiceindia.com

Choice International Ltd is a company engaged in providing financial services. It operates through the segments of NBFC services, Broking & Distribution and Advisory services. The company generates a majority of the revenue from Broking and distribution services. It offers services like equity trading, commodity derivative trading, financial planning, currency futures trading, fund distribution, and structured products. The company conducts its business operations mainly in India.

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