Indus Towers (BOM:534816) ROCE % : 25.84% (As of Mar. 2024)

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What is Indus Towers 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. Indus Towers's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.84%.

Indus Towers ROCE % Historical Data

The historical data trend for Indus Towers'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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Indus Towers ROCE % Chart

Indus Towers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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26.35

23.84

28.61

11.42

23.74

Indus Towers 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															24.05	22.83	21.53	24.72	25.84

Indus Towers ROCE % Calculation

Indus Towers'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 )
	=	99862	/	( ( (465724 - 81628)	+	(558676 - 101565) )	/ 2 )
	=	99862	/	( (384096	+	457111)	/ 2 )
	=	99862	/	420603.5
	=	23.74 %

Indus Towers'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 )
	=	118100	/	( ( (0 - 0)	+	(558676 - 101565) )	/ 1 )
	=	118100	/	( ( 0	+	457111 )	/ 1 )
	=	118100	/	457111
	=	25.84 %

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

Indus Towers (BOM:534816) 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.

Indus Towers ROCE % Related Terms

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Indus Towers (BOM:534816) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Indus Towers Ltd (BOM:534816) » Definitions » ROCE %

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INDUSTOWER:India

Address

DLF Cyber City, 4th Floor, Building No. 10, Tower A, Gurugram, HR, IND, 122002

Website

https://www.industowers.com

Indus Towers Ltd Ltd is a telecommunications tower infrastructure service provider. The company deploys, owns, and manages telecom towers and communication structures for mobile operators. The company acquires and builds towers, while also owning and operating telecom towers and related infrastructure. The company primarily generates revenue through a rental fee to tenants of mobile towers. Energy costs such as electricity and fuel charts are usually passed through to tenants. The company generates the vast majority of its revenue in India. The company's assets are located in India and are often ground-based and rooftop towers.

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