Globus Power Generation (BOM:526025) ROCE % : 260.18% (As of Mar. 2024)

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What is Globus Power Generation 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. Globus Power Generation's annualized ROCE % for the quarter that ended in Mar. 2024 was 260.18%.

Globus Power Generation ROCE % Historical Data

The historical data trend for Globus Power Generation'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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Globus Power Generation ROCE % Chart

Globus Power Generation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.91

-75.07

-7.89

-69.42

62.95

Globus Power Generation 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															-405.51	-6.31	-3.64	28.72	260.18

Globus Power Generation ROCE % Calculation

Globus Power Generation'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 )
	=	67.513	/	( ( (120.363 - 0.967)	+	(95.963 - 0.868) )	/ 2 )
	=	67.513	/	( (119.396	+	95.095)	/ 2 )
	=	67.513	/	107.2455
	=	62.95 %

Globus Power Generation'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 )
	=	247.42	/	( ( (0 - 0)	+	(95.963 - 0.868) )	/ 1 )
	=	247.42	/	( ( 0	+	95.095 )	/ 1 )
	=	247.42	/	95.095
	=	260.18 %

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

Globus Power Generation (BOM:526025) 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.

Globus Power Generation ROCE % Related Terms

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Globus Power Generation (BOM:526025) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Globus Power Generation Ltd (BOM:526025) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Naraina Industrial Area, A-60, Phase-I, New Delhi, UP, IND, 110028

Website

http://www.gpgl.in

Globus Power Generation Ltd is a company engaged in the business of making investments in the infrastructure sector particularly power generation business and acquisition of wind/biomass/solar power plants. It is also involved in investing in other securities, derivatives, mutual funds, and properties. It offers an alternative revelation to conventional sources, such as coal and gasoline. It is involved in the sale of biomass fuel in the line of activity of power generation.

Globus Power Generation (BOM:526025) Headlines

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