IRM Energy (BOM:544004) ROCE % : 8.86% (As of Mar. 2024)

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What is IRM Energy 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. IRM Energy's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.86%.

IRM Energy ROCE % Historical Data

The historical data trend for IRM Energy'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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IRM Energy ROCE % Chart

IRM Energy Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

19.33

43.04

16.67

16.08

IRM Energy Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					6.05	21.70	21.46	22.39	8.86

IRM Energy ROCE % Calculation

IRM Energy'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 )
	=	1461.96	/	( ( (7929.02 - 1019.47)	+	(12966.19 - 1691.6) )	/ 2 )
	=	1461.96	/	( (6909.55	+	11274.59)	/ 2 )
	=	1461.96	/	9092.07
	=	16.08 %

IRM Energy'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 )
	=	999.32	/	( ( (0 - 0)	+	(12966.19 - 1691.6) )	/ 1 )
	=	999.32	/	( ( 0	+	11274.59 )	/ 1 )
	=	999.32	/	11274.59
	=	8.86 %

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

IRM Energy (BOM:544004) 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.

IRM Energy ROCE % Related Terms

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IRM Energy (BOM:544004) Business Description

Industry

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Traded in Other Exchanges

IRMENERGY:India

Address

S.G. Highway, Corporate Park, Near Sola Bridge, 4th Floor, Block 8, Magnet, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.irmenergy.com

IRM Energy Ltd is a gas distribution company. It is involved in developing, operating, and expanding of local natural gas distribution network. IRM Energy is a value-driven energy enterprise serving industrial, commercial, domestic, and automobile customers.

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