TGB Banquets & Hotels (BOM:532845) ROCE % : 5.08% (As of Dec. 2023)

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What is TGB Banquets & Hotels 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. TGB Banquets & Hotels's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.08%.

TGB Banquets & Hotels ROCE % Historical Data

The historical data trend for TGB Banquets & Hotels'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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TGB Banquets & Hotels ROCE % Chart

TGB Banquets & Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-33.47

1.49

-6.61

-22.78

3.56

TGB Banquets & Hotels Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.75	3.95	2.95	2.56	5.08

TGB Banquets & Hotels ROCE % Calculation

TGB Banquets & Hotels'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 )
	=	30.062	/	( ( (1340.981 - 476.997)	+	(1255.565 - 430.245) )	/ 2 )
	=	30.062	/	( (863.984	+	825.32)	/ 2 )
	=	30.062	/	844.652
	=	3.56 %

TGB Banquets & Hotels'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 )
	=	41.82	/	( ( (1283.545 - 460.277)	+	(0 - 0) )	/ 1 )
	=	41.82	/	( ( 823.268	+	0 )	/ 1 )
	=	41.82	/	823.268
	=	5.08 %

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

TGB Banquets & Hotels (BOM:532845) 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.

TGB Banquets & Hotels ROCE % Related Terms

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TGB Banquets & Hotels (BOM:532845) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TGB Banquets & Hotels Ltd (BOM:532845) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TGBHOTELS:India

Address

S.G. Road, The Grand Bhagwati, Plot no. 380, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.thegrandbhagwati.com

TGB Banquets & Hotels Ltd is an Indian company engaged in the lodging business sector. The firm operates hotels, restaurants, and banquets. It operates under the brand name The Grand Bhagwati, also known as TGB in India. Other activities of the company include the provision of catering services. It derives revenue from rooms, food and beverages, and allied services relating to hotel operations.

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