Vascon Engineers (BOM:533156) ROCE % : 9.52% (As of Dec. 2023)

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What is Vascon Engineers 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. Vascon Engineers's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.52%.

Vascon Engineers ROCE % Historical Data

The historical data trend for Vascon Engineers'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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Vascon Engineers ROCE % Chart

Vascon Engineers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.37

6.68

-1.82

7.76

12.22

Vascon Engineers 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															8.53	20.88	6.19	9.71	9.52

Vascon Engineers ROCE % Calculation

Vascon Engineers'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 )
	=	1136.96	/	( ( (14901.49 - 6308.259)	+	(16491.411 - 6475.359) )	/ 2 )
	=	1136.96	/	( (8593.231	+	10016.052)	/ 2 )
	=	1136.96	/	9304.6415
	=	12.22 %

Vascon Engineers'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 )
	=	984.4	/	( ( (17201.6 - 6861.4)	+	(0 - 0) )	/ 1 )
	=	984.4	/	( ( 10340.2	+	0 )	/ 1 )
	=	984.4	/	10340.2
	=	9.52 %

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

Vascon Engineers (BOM:533156) 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.

Vascon Engineers ROCE % Related Terms

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Vascon Engineers (BOM:533156) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Vascon Engineers Ltd (BOM:533156) » Definitions » ROCE %

Traded in Other Exchanges

VASCONEQ:India

Address

Pune - Nagar Road, Vascon Weikfield Chambers, Behind Hotel Novotel, Opposite Hyatt Hotel, Pune, MH, IND, 411014

Website

https://www.vascon.com

Vascon Engineers Ltd is a construction company that is engaged in developing, constructing, and managing different engineering, procurement, and construction (EPC), real estate development and Manufacturing and BMS. The EPC operations of the company, which is the key revenue driver, focus on the residential, commercial, industrial, institutional, hospital, and hospitality sectors. The real estate operations include residential projects like GoodLife, Vista Phase 2, Forest Edge, among others; and commercial projects like Platinum Square Phase 2, Almonte, Phoenix IT Park among others.

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