IRB Infrastructure Developers (BOM:532947) ROCE % : 9.01% (As of Mar. 2024)

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What is IRB Infrastructure Developers 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. IRB Infrastructure Developers's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.01%.

IRB Infrastructure Developers ROCE % Historical Data

The historical data trend for IRB Infrastructure Developers'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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IRB Infrastructure Developers ROCE % Chart

IRB Infrastructure Developers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.76

6.00

6.23

6.63

7.08

IRB Infrastructure Developers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.94	6.02	6.49	7.22	9.01

IRB Infrastructure Developers ROCE % Calculation

IRB Infrastructure Developers'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 )
	=	28147.532	/	( ( (427661.77 - 43044.81)	+	(449203.143 - 39093.069) )	/ 2 )
	=	28147.532	/	( (384616.96	+	410110.074)	/ 2 )
	=	28147.532	/	397363.517
	=	7.08 %

IRB Infrastructure Developers'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 )
	=	36942.636	/	( ( (0 - 0)	+	(449203.143 - 39093.069) )	/ 1 )
	=	36942.636	/	( ( 0	+	410110.074 )	/ 1 )
	=	36942.636	/	410110.074
	=	9.01 %

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

IRB Infrastructure Developers (BOM:532947) 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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IRB Infrastructure Developers (BOM:532947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IRB Infrastructure Developers Ltd (BOM:532947) » Definitions » ROCE %

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IRB:India

Address

Chandivali Farm, 3rd Floor, IRB Complex, Chandivali Village, Andheri (East), Mumbai, MH, IND, 400 072

Website

https://www.irb.co.in

IRB Infrastructure Developers Ltd is an infrastructure and construction company. The company organizes itself into two segments: BOT Projects and Construction. Its Build-Operate-Transfer (BOT) projects segment offers Engineering, Procurement and Construction (EPC), Operation and Maintenance (O&M) and collection of toll services. Most of the firm's revenue gets derived from the Construction segment.

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