Home First Finance Co India (BOM:543259) ROCE % : 3.46% (As of Mar. 2024)

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What is Home First Finance Co India 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. Home First Finance Co India's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.46%.

Home First Finance Co India ROCE % Historical Data

The historical data trend for Home First Finance Co India'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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Home First Finance Co India ROCE % Chart

Home First Finance Co India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.03

4.13

5.83

5.26

4.12

Home First Finance Co India Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														4.69	4.91	4.65	3.81	3.46

Home First Finance Co India ROCE % Calculation

Home First Finance Co India'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 )
	=	3110.55	/	( ( (67370.25 - 11637.28)	+	(95339.56 - 154.8) )	/ 2 )
	=	3110.55	/	( (55732.97	+	95184.76)	/ 2 )
	=	3110.55	/	75458.865
	=	4.12 %

Home First Finance Co India'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 )
	=	3296.88	/	( ( (0 - 0)	+	(95339.56 - 154.8) )	/ 1 )
	=	3296.88	/	( ( 0	+	95184.76 )	/ 1 )
	=	3296.88	/	95184.76
	=	3.46 %

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

Home First Finance Co India (BOM:543259) 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.

Home First Finance Co India ROCE % Related Terms

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Home First Finance Co India (BOM:543259) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Home First Finance Co India Ltd (BOM:543259) » Definitions » ROCE %

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HOMEFIRST:India

Address

511, Acme Plaza, Andheri Kurla Road, Opposite Sangam Cinema, J B Nagar, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.homefirstindia.com

Home First Finance Co India Ltd is an affordable housing finance company. The company is primarily engaged in the business of lending housing loans, loans to purchase commercial property, loans against property, and construction finance.

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