Adani Energy Solutions (BOM:539254) ROCE % : 10.30% (As of Dec. 2023)

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What is Adani Energy Solutions 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. Adani Energy Solutions's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.30%.

Adani Energy Solutions ROCE % Historical Data

The historical data trend for Adani Energy Solutions'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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Adani Energy Solutions ROCE % Chart

Adani Energy Solutions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.63

10.84

9.88

10.29

10.03

Adani Energy Solutions 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															11.55	10.64	8.17	8.17	10.30

Adani Energy Solutions ROCE % Calculation

Adani Energy Solutions'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 )
	=	44514.7	/	( ( (474641.1 - 56566.8)	+	(539317.5 - 70172.9) )	/ 2 )
	=	44514.7	/	( (418074.3	+	469144.6)	/ 2 )
	=	44514.7	/	443609.45
	=	10.03 %

Adani Energy Solutions'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 )
	=	50987.6	/	( ( (557299.6 - 62310.5)	+	(0 - 0) )	/ 1 )
	=	50987.6	/	( ( 494989.1	+	0 )	/ 1 )
	=	50987.6	/	494989.1
	=	10.30 %

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

Adani Energy Solutions (BOM:539254) 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.

Adani Energy Solutions ROCE % Related Terms

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Adani Energy Solutions (BOM:539254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Adani Energy Solutions Ltd (BOM:539254) » Definitions » ROCE %

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ADANIENSOL:India

Address

S G Highway, Adani Corporate House, Shantigram, Near Vaishno Devi Circle, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adanitransmission.com

Adani Energy Solutions Ltd Formerly Adani Transmission Ltd is a power transmission company in India. It is involved in the business activity of transmission of electric energy. The company is also engaged in the trading of Agri commodities business. The operating segments of the company are the Transmission segment which involves power transmission activities; the Trading segment; Mumbai GTD Business. It derives a majority of revenue from the Mumbai GTD Business segment. The company operates in India.

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