Arunis Abode (BOM:526935) ROCE % : 17.34% (As of Dec. 2023)

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What is Arunis Abode 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. Arunis Abode's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.34%.

Arunis Abode ROCE % Historical Data

The historical data trend for Arunis Abode'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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Arunis Abode ROCE % Chart

Arunis Abode Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.28

1.29

13.82

3.99

9.78

Arunis Abode 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															69.00	15.20	0.04	18.98	17.34

Arunis Abode ROCE % Calculation

Arunis Abode'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 )
	=	6.746	/	( ( (103.194 - 39.415)	+	(101.299 - 27.127) )	/ 2 )
	=	6.746	/	( (63.779	+	74.172)	/ 2 )
	=	6.746	/	68.9755
	=	9.78 %

Arunis Abode'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 )
	=	12.848	/	( ( (101.996 - 27.91)	+	(0 - 0) )	/ 1 )
	=	12.848	/	( ( 74.086	+	0 )	/ 1 )
	=	12.848	/	74.086
	=	17.34 %

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

Arunis Abode (BOM:526935) 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.

Arunis Abode ROCE % Related Terms

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Arunis Abode (BOM:526935) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Arunis Abode Ltd (BOM:526935) » Definitions » ROCE %

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N/A

Address

JN. Off S.V. Road & Kora Kendra Road, Office no. 501. F.P. No. 765, TPS 111, Borivali (West), Mumbai, MH, IND, 400092

Website

https://www.arunis.co

Arunis Abode Ltd, formerly known as M.B. Parikh Finstocks Ltd, is engaged in the real estate business. The company is engaged in developing, redeveloping, furnishing, and maintaining real estate properties, including townships, commercial premises, hotels, resorts, hospitals, educational institutes, markets, offices, flats, etc. The company's projects include the redevelopment of Jay Dharma Krupa CHSL. Previously, the company was engaged in the trading of shares.

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