TVS Motor Co (BOM:532343) ROCE % : 22.01% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is TVS Motor Co 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. TVS Motor Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.01%.

TVS Motor Co ROCE % Historical Data

The historical data trend for TVS Motor Co'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.

* Premium members only.

TVS Motor Co ROCE % Chart

TVS Motor Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

17.16

16.43

16.04

22.60

24.93

TVS Motor Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.10	26.57	22.93	24.62	22.01

TVS Motor Co ROCE % Calculation

TVS Motor Co'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 )
	=	46306.4	/	( ( (352329.1 - 192187)	+	(422204.6 - 210782.1) )	/ 2 )
	=	46306.4	/	( (160142.1	+	211422.5)	/ 2 )
	=	46306.4	/	185782.3
	=	24.93 %

TVS Motor Co'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	46534	/	( ( (0 - 0)	+	(422204.6 - 210782.1) )	/ 1 )
	=	46534	/	( ( 0	+	211422.5 )	/ 1 )
	=	46534	/	211422.5
	=	22.01 %

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

TVS Motor Co (BOM:532343) 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.

TVS Motor Co ROCE % Related Terms

Thank you for viewing the detailed overview of TVS Motor Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

TVS Motor Co (BOM:532343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TVS Motor Co Ltd (BOM:532343) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TVSMOTOR:India

Address

No. 12, Khader Nawaz Khan Road, Chaitanya, Nungambakkam, Chennai, TN, IND, 600 006

Website

https://www.tvsmotor.com

TVS Motor Co Ltd is an Indian automobile manufacturing company focused on the production of two-wheeled vehicles. The company principally manufactures motorcycles, scooters, mopeds, three-wheelers, and related spare parts and accessories. The company's operating divisions are Automotive vehicles and parts, Automotive Components, Financial Services, and Others. The company generates a majority of its revenue from the Automotive vehicles and parts division.

TVS Motor Co (BOM:532343) Headlines

No Headlines