Hanman Fit (BOM:538731) ROCE % : -12.24% (As of Sep. 2023)

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What is Hanman Fit 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. Hanman Fit's annualized ROCE % for the quarter that ended in Sep. 2023 was -12.24%.

Hanman Fit ROCE % Historical Data

The historical data trend for Hanman Fit'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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Hanman Fit ROCE % Chart

Hanman Fit Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-26.95

-54.82

-43.36

-14.26

-4.80

Hanman Fit Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial												-15.99	-10.90	-7.69	-1.00	-12.24

Hanman Fit ROCE % Calculation

Hanman Fit'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 )
	=	-1.449	/	( ( (48.571 - 16.475)	+	(40.448 - 12.152) )	/ 2 )
	=	-1.449	/	( (32.096	+	28.296)	/ 2 )
	=	-1.449	/	30.196
	=	-4.80 %

Hanman Fit's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-3.73	/	( ( (40.448 - 12.152)	+	(40.156 - 7.505) )	/ 2 )
	=	-3.73	/	( ( 28.296	+	32.651 )	/ 2 )
	=	-3.73	/	30.4735
	=	-12.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Hanman Fit (BOM:538731) 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.

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Hanman Fit (BOM:538731) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hanman Fit Ltd (BOM:538731) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

JVPD Scheme Plot No. 1, N.S. Road, 702 Concorde CHS Ltd, No. 10, Near Shiv Sagar Hotel, Vile Parle (West), Mumbai, MH, IND, 400056

Website

http://www.hanman.fit

Hanman Fit Ltd is involved in the gymming business in India. The company provides diverse fitness services apart from standard gymming and fitness solutions like the Zumba program, spa, massage, aerobics, yoga, physiotherapy, and many more.

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