Kamanwala Housing Construction (BOM:511131) ROCE % : -0.44% (As of Dec. 2023)

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What is Kamanwala Housing Construction 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. Kamanwala Housing Construction's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.44%.

Kamanwala Housing Construction ROCE % Historical Data

The historical data trend for Kamanwala Housing Construction'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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Kamanwala Housing Construction ROCE % Chart

Kamanwala Housing Construction Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.08

0.10

-0.20

0.20

-11.41

Kamanwala Housing Construction 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															-0.25	-47.83	-0.22	-0.48	-0.44

Kamanwala Housing Construction ROCE % Calculation

Kamanwala Housing Construction'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 )
	=	-85.132	/	( ( (889.094 - 95.887)	+	(777.919 - 78.717) )	/ 2 )
	=	-85.132	/	( (793.207	+	699.202)	/ 2 )
	=	-85.132	/	746.2045
	=	-11.41 %

Kamanwala Housing Construction'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 )
	=	-3.096	/	( ( (771.404 - 73.375)	+	(0 - 0) )	/ 1 )
	=	-3.096	/	( ( 698.029	+	0 )	/ 1 )
	=	-3.096	/	698.029
	=	-0.44 %

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

Kamanwala Housing Construction (BOM:511131) 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.

Kamanwala Housing Construction ROCE % Related Terms

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Kamanwala Housing Construction (BOM:511131) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kamanwala Housing Construction Ltd (BOM:511131) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Mogul Lane, 406, New Udyog Mandir - 2, Mahim (West), Mumbai, MH, IND, 400016

Website

http://www.kamanwalahousing.com

Kamanwala Housing Construction Ltd engages in the construction and development of real estate properties, such as residential construction, commercial construction, and others. Some of its projects are Manavsthal, Shimmering Heights, Pinnaacle Corporate Park, Savoy Chambers, Joint Venture Project and others.

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