Disha Resources (BOM:531553) ROCE % : -0.36% (As of Dec. 2023)

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What is Disha Resources 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. Disha Resources's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.36%.

Disha Resources ROCE % Historical Data

The historical data trend for Disha Resources'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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Disha Resources ROCE % Chart

Disha Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-4.88

-3.70

3.79

1.03

1.41

Disha Resources 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															0.70	2.58	30.72	-0.24	-0.36

Disha Resources ROCE % Calculation

Disha Resources'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 )
	=	4.453	/	( ( (319.671 - 32.377)	+	(385.801 - 39.718) )	/ 2 )
	=	4.453	/	( (287.294	+	346.083)	/ 2 )
	=	4.453	/	316.6885
	=	1.41 %

Disha Resources'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 )
	=	-1.544	/	( ( (472.406 - 43.7)	+	(0 - 0) )	/ 1 )
	=	-1.544	/	( ( 428.706	+	0 )	/ 1 )
	=	-1.544	/	428.706
	=	-0.36 %

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

Disha Resources (BOM:531553) 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.

Disha Resources ROCE % Related Terms

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Disha Resources (BOM:531553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Disha Resources Ltd (BOM:531553) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ashram Road, Income Tax, 3, Rajesh Apartments, Behind Nav Gujarat College, Ahmedabad, GJ, IND, 380014

Website

https://www.disharesourcesitd.com

Disha Resources Ltd intends to carry on the business relating to jewelry, logistic services, trading of waste paper, recycling of paper, coal, and coal-related products. The company's segments include Trading in Shares and Trading in Others. It generates maximum revenue from the Trading Others segment.

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