Waa Solar (BOM:541445) ROCE % : 0.31% (As of Mar. 2024)

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What is Waa Solar 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. Waa Solar's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.31%.

Waa Solar ROCE % Historical Data

The historical data trend for Waa Solar'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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Waa Solar ROCE % Chart

Waa Solar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.61

6.77

6.90

7.23

3.94

Waa Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial													6.95	6.28	8.24	7.04	0.31

Waa Solar ROCE % Calculation

Waa Solar'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 )
	=	98.628	/	( ( (2985.011 - 263.795)	+	(2345.786 - 66.275) )	/ 2 )
	=	98.628	/	( (2721.216	+	2279.511)	/ 2 )
	=	98.628	/	2500.3635
	=	3.94 %

Waa Solar'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	7.692	/	( ( (2991.041 - 324.265)	+	(2345.786 - 66.275) )	/ 2 )
	=	7.692	/	( ( 2666.776	+	2279.511 )	/ 2 )
	=	7.692	/	2473.1435
	=	0.31 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Waa Solar (BOM:541445) 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.

Waa Solar ROCE % Related Terms

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Waa Solar (BOM:541445) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Waa Solar Ltd (BOM:541445) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Madhav House, Near Panchratna Building, Subhanpura, Vadodara, GJ, IND, 390023

Website

http://www.waasolar.org

Waa Solar Ltd is an Indian firm engaged in electric power generation, transmission, and distribution. The company is focused on the development of renewable energy in terms of Solar Power Generation through Ground Mounted Projects and also by undertaking Solar Rooftop Projects. Some of the projects of the company are the 10.25 MW Solar PV Power Project, 100 KW Solar PV Power Project, 10.42 MW Solar PV Power Project, and many more. It generates substantial revenue from the sale of solar power products.

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