Godawari Power & Ispat (BOM:532734) ROCE % : 27.80% (As of Mar. 2024)

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What is Godawari Power & Ispat 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. Godawari Power & Ispat's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.80%.

Godawari Power & Ispat ROCE % Historical Data

The historical data trend for Godawari Power & Ispat'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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Godawari Power & Ispat ROCE % Chart

Godawari Power & Ispat Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.88

34.64

58.00

28.88

29.20

Godawari Power & Ispat Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															24.47	29.93	32.39	28.64	27.80

Godawari Power & Ispat ROCE % Calculation

Godawari Power & Ispat'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 )
	=	13156.1	/	( ( (51593.644 - 9476.518)	+	(55452.4 - 7452) )	/ 2 )
	=	13156.1	/	( (42117.126	+	48000.4)	/ 2 )
	=	13156.1	/	45058.763
	=	29.20 %

Godawari Power & Ispat'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 )
	=	13344	/	( ( (0 - 0)	+	(55452.4 - 7452) )	/ 1 )
	=	13344	/	( ( 0	+	48000.4 )	/ 1 )
	=	13344	/	48000.4
	=	27.80 %

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

Godawari Power & Ispat (BOM:532734) 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.

Godawari Power & Ispat ROCE % Related Terms

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Godawari Power & Ispat (BOM:532734) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godawari Power & Ispat Ltd (BOM:532734) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GPIL:India

Address

Hira Arcade, First Floor, Near New Bus Stand, Pandri, Raipur, CT, IND, 492004

Website

http://www.godawaripowerispat.com

Godawari Power & Ispat Ltd is an India-based fully integrated steel company with a presence across the steel value chain extending from iron ore mining to iron ore pellets and value-added steel products. The company has a single primary business segment Iron and Steel which includes captive power, as the captive power generated by the company is used for the production process of iron and steel. The group operates in India. The products offered by the group are Pellets, Sponge iron, Iron and steel billets, Wire rods, Hard black wires, Ferro-alloys, and others.

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