Bhanderi Infracon (BOM:538576) ROCE % : 3.44% (As of Sep. 2023)

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What is Bhanderi Infracon 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. Bhanderi Infracon's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.44%.

Bhanderi Infracon ROCE % Historical Data

The historical data trend for Bhanderi Infracon'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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Bhanderi Infracon ROCE % Chart

Bhanderi Infracon Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.64

1.05

0.71

0.44

1.99

Bhanderi Infracon Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-0.24	1.12	-1.73	4.99	3.44

Bhanderi Infracon ROCE % Calculation

Bhanderi Infracon'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 )
	=	7.7	/	( ( (425.2 - 105.5)	+	(593.2 - 137.7) )	/ 2 )
	=	7.7	/	( (319.7	+	455.5)	/ 2 )
	=	7.7	/	387.6
	=	1.99 %

Bhanderi Infracon's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	15.314	/	( ( (593.2 - 137.7)	+	(492.916 - 59.285) )	/ 2 )
	=	15.314	/	( ( 455.5	+	433.631 )	/ 2 )
	=	15.314	/	444.5655
	=	3.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Bhanderi Infracon (BOM:538576) 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.

Bhanderi Infracon ROCE % Related Terms

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Bhanderi Infracon (BOM:538576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Bhanderi Infracon Ltd (BOM:538576) » Definitions » ROCE %

Comparable Companies

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N/A

Address

B/12, Jabuka Complex, Near Bajrang Ashram, Below Vikas School, NH-8, Thakkar Bapanagar, Ahmedabad, GJ, IND, 382350

Website

https://www.bhanderiinfracon.com

Bhanderi Infracon Ltd is a real estate development company. The company is engaged in the development of residential flats and bungalows under partnership firms. It offers services to residential, industrial, and commercial sectors. In the industrial sector, it provides services consisting of the construction of factories, sheds, and workshops. It operates in Real Estate and Trading in Grocery segments.

Bhanderi Infracon (BOM:538576) Headlines

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