Dredging of India (NSE:DREDGECORP) ROCE % : 8.44% (As of Dec. 2023)

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What is Dredging of India 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. Dredging of India's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.44%.

Dredging of India ROCE % Historical Data

The historical data trend for Dredging of India'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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Dredging of India ROCE % Chart

Dredging of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.79

1.46

-8.22

1.05

2.70

Dredging of India 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															7.47	-1.87	5.42	5.61	8.44

Dredging of India ROCE % Calculation

Dredging of India'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 )
	=	423.952	/	( ( (23065.064 - 8007.249)	+	(24083.596 - 7691.051) )	/ 2 )
	=	423.952	/	( (15057.815	+	16392.545)	/ 2 )
	=	423.952	/	15725.18
	=	2.70 %

Dredging of India'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 )
	=	1442.476	/	( ( (23807.681 - 6715.875)	+	(0 - 0) )	/ 1 )
	=	1442.476	/	( ( 17091.806	+	0 )	/ 1 )
	=	1442.476	/	17091.806
	=	8.44 %

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

Dredging of India (NSE:DREDGECORP) 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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Dredging of India (NSE:DREDGECORP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dredging Corp of India Ltd (NSE:DREDGECORP) » Definitions » ROCE %

Traded in Other Exchanges

523618:India

Address

HB Colony Main Road, Dredge House, Seethammadhara, Visakhapatnam, AP, IND, 530022

Website

https://www.dredge-india.com

Dredging Corp of India Ltd is an Indian-based company engaged in providing the services of Capital Dredging, Maintenance Dredging, Beach Nourishment, Land Reclamation, Shallow water Dredging, Project Management Consultancy, and Marine Construction. It provides dredging services to ports, the Indian Navy, fishing harbors, and other maritime organizations. It operates in a single segment of dredging services and generates its income from such services.

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