Bharat Road Network (BOM:540700) ROCE % : 7.27% (As of Dec. 2023)

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What is Bharat Road Network 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. Bharat Road Network's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.27%.

Bharat Road Network ROCE % Historical Data

The historical data trend for Bharat Road Network'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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Bharat Road Network ROCE % Chart

Bharat Road Network Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.18

6.90

1.50

-9.46

-1.98

Bharat Road Network 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															-16.39	-7.99	7.59	-4.20	7.27

Bharat Road Network ROCE % Calculation

Bharat Road Network'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 )
	=	-416.502	/	( ( (28463.351 - 6314.706)	+	(27062.648 - 7176.035) )	/ 2 )
	=	-416.502	/	( (22148.645	+	19886.613)	/ 2 )
	=	-416.502	/	21017.629
	=	-1.98 %

Bharat Road Network'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 )
	=	1390.544	/	( ( (27019.876 - 7905.196)	+	(0 - 0) )	/ 1 )
	=	1390.544	/	( ( 19114.68	+	0 )	/ 1 )
	=	1390.544	/	19114.68
	=	7.27 %

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

Bharat Road Network (BOM:540700) 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.

Bharat Road Network ROCE % Related Terms

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Bharat Road Network (BOM:540700) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bharat Road Network Ltd (BOM:540700) » Definitions » ROCE %

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BRNL:India

Address

86C Topsia Road (South), Vishwakarma Building, 5th Floor (northeast block),, Kolkata, WB, IND, 700091

Website

https://www.brnl.in

Bharat Road Network Ltd is a road BOT company in India which is focused on the development, implementation, operation and maintenance of roads and highways projects. The company is a developer and operator of highways, roads and related projects on a BOT basis. The company is involved in the development, operation and maintenance of national and state highways in several states in India with experience of managing projects in the states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.

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