Gujarat Mineral Development (BOM:532181) ROCE % : 10.07% (As of Dec. 2023)

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What is Gujarat Mineral Development 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. Gujarat Mineral Development's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.07%.

Gujarat Mineral Development ROCE % Historical Data

The historical data trend for Gujarat Mineral Development'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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Gujarat Mineral Development ROCE % Chart

Gujarat Mineral Development Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.84

4.21

-7.34

15.47

27.93

Gujarat Mineral Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															25.13	38.40	17.95	6.95	10.07

Gujarat Mineral Development ROCE % Calculation

Gujarat Mineral Development'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 )
	=	16602.708	/	( ( (58821.507 - 4224.444)	+	(69210.245 - 4939.552) )	/ 2 )
	=	16602.708	/	( (54597.063	+	64270.693)	/ 2 )
	=	16602.708	/	59433.878
	=	27.93 %

Gujarat Mineral Development's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6462.8	/	( ( (68605.695 - 4457.062)	+	(0 - 0) )	/ 1 )
	=	6462.8	/	( ( 64148.633	+	0 )	/ 1 )
	=	6462.8	/	64148.633
	=	10.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Gujarat Mineral Development (BOM:532181) 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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Gujarat Mineral Development (BOM:532181) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Gujarat Mineral Development Corp Ltd (BOM:532181) » Definitions » ROCE %

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GMDCLTD:India

Address

132 Feet Ring Road, Khanij Bhavan, Near University Ground, Vastrapur, Ahmedabad, GJ, IND, 380 052

Website

https://www.gmdcltd.com

Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of the revenue is derived from mining operations specifically from the sale of lignite mining and the company also has various other mining projects.

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