IndiaMART InterMESH (BOM:542726) ROCE % : 23.74% (As of Mar. 2024)

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What is IndiaMART InterMESH 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. IndiaMART InterMESH's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.74%.

IndiaMART InterMESH ROCE % Historical Data

The historical data trend for IndiaMART InterMESH'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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IndiaMART InterMESH ROCE % Chart

IndiaMART InterMESH Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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41.60

30.43

18.58

15.55

18.65

IndiaMART InterMESH 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															12.02	17.71	18.03	21.09	23.74

IndiaMART InterMESH ROCE % Calculation

IndiaMART InterMESH'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 )
	=	4633	/	( ( (34446.3 - 8560.59)	+	(34486 - 10675) )	/ 2 )
	=	4633	/	( (25885.71	+	23811)	/ 2 )
	=	4633	/	24848.355
	=	18.65 %

IndiaMART InterMESH'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 )
	=	5652	/	( ( (0 - 0)	+	(34486 - 10675) )	/ 1 )
	=	5652	/	( ( 0	+	23811 )	/ 1 )
	=	5652	/	23811
	=	23.74 %

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

IndiaMART InterMESH (BOM:542726) 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.

IndiaMART InterMESH ROCE % Related Terms

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IndiaMART InterMESH (BOM:542726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » IndiaMART InterMESH Ltd (BOM:542726) » Definitions » ROCE %

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Traded in Other Exchanges

INDIAMART:India

Address

Assotech Business Cresterra, 6th Floor, Tower 2, Plot No. 22, Sector 135, Noida, UP, IND, 201305

Website

https://corporate.indiamart.com

IndiaMART InterMESH Ltd operates as an online B2B marketplace for business products and services. It serves as a platform for Small and Medium Enterprises (SMEs), Large Enterprises as well as individuals. Geographically, it derives a majority of revenue from India. It earns revenue primarily through the sale of subscription packages.

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