InterGlobe Aviation (NSE:INDIGO) ROCE % : 38.29% (As of Dec. 2023)

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What is InterGlobe Aviation 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. InterGlobe Aviation's annualized ROCE % for the quarter that ended in Dec. 2023 was 38.29%.

InterGlobe Aviation ROCE % Historical Data

The historical data trend for InterGlobe Aviation'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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InterGlobe Aviation ROCE % Chart

InterGlobe Aviation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.16

7.49

-14.77

-15.92

9.61

InterGlobe Aviation 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															35.43	20.82	45.81	11.32	38.29

InterGlobe Aviation ROCE % Calculation

InterGlobe Aviation'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 )
	=	28273.46	/	( ( (459625.98 - 224171.4)	+	(591698.19 - 238511.46) )	/ 2 )
	=	28273.46	/	( (235454.58	+	353186.73)	/ 2 )
	=	28273.46	/	294320.655
	=	9.61 %

InterGlobe Aviation'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 )
	=	163748.88	/	( ( (731532.2 - 303913.03)	+	(0 - 0) )	/ 1 )
	=	163748.88	/	( ( 427619.17	+	0 )	/ 1 )
	=	163748.88	/	427619.17
	=	38.29 %

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

InterGlobe Aviation (NSE:INDIGO) 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.

InterGlobe Aviation ROCE % Related Terms

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InterGlobe Aviation (NSE:INDIGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » InterGlobe Aviation Ltd (NSE:INDIGO) » Definitions » ROCE %

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539448:India

Address

Mehrauli-Gurgaon Road, Level 1-5, Tower - C, Global Business Park, Gurgaon, HR, IND, 122 002

Website

https://www.goindigo.in

InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.

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