Vaghani Techno Build (BOM:531676) ROCE % : 1.45% (As of Mar. 2024)

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What is Vaghani Techno Build 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. Vaghani Techno Build's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.45%.

Vaghani Techno Build ROCE % Historical Data

The historical data trend for Vaghani Techno Build'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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Vaghani Techno Build ROCE % Chart

Vaghani Techno Build Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.08

1.15

1.23

1.09

1.27

Vaghani Techno Build 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															0.89	1.26	1.12	1.29	1.45

Vaghani Techno Build ROCE % Calculation

Vaghani Techno Build'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 )
	=	0.917	/	( ( (73.298 - 0.66)	+	(71.764 - 0.139) )	/ 2 )
	=	0.917	/	( (72.638	+	71.625)	/ 2 )
	=	0.917	/	72.1315
	=	1.27 %

Vaghani Techno Build'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 )
	=	1.04	/	( ( (0 - 0)	+	(71.764 - 0.139) )	/ 1 )
	=	1.04	/	( ( 0	+	71.625 )	/ 1 )
	=	1.04	/	71.625
	=	1.45 %

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

Vaghani Techno Build (BOM:531676) 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.

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Vaghani Techno Build (BOM:531676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Vaghani Techno Build Ltd (BOM:531676) » Definitions » ROCE %

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Address

Corner of 6th and 7th Road of Rajawadi, D-Wing, Karma Sankalp, Ghatkopar (East), Mumbai, MH, IND, 400077

Website

https://www.vaghanitechnobuild.com

Vaghani Techno Build Ltd is engaged in real estate business activities. It is engaged in the construction and development of infrastructure projects and involved in Transfer of Development Rights (TDR) trading. It has a single segment pertaining to Transfer Development Rights.

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