Ganesh Housing (NSE:GANESHHOUC) ROCE % : 40.03% (As of Dec. 2023)

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What is Ganesh Housing 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. Ganesh Housing's annualized ROCE % for the quarter that ended in Dec. 2023 was 40.03%.

Ganesh Housing ROCE % Historical Data

The historical data trend for Ganesh Housing'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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Ganesh Housing ROCE % Chart

Ganesh Housing Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.14

-4.46

-4.31

14.85

23.67

Ganesh Housing 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															15.73	35.08	72.84	35.31	40.03

Ganesh Housing ROCE % Calculation

Ganesh Housing'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 )
	=	2535.362	/	( ( (11793.685 - 2235.325)	+	(14185.214 - 2322.472) )	/ 2 )
	=	2535.362	/	( (9558.36	+	11862.742)	/ 2 )
	=	2535.362	/	10710.551
	=	23.67 %

Ganesh Housing'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 )
	=	5464.244	/	( ( (16564.355 - 2914.85)	+	(0 - 0) )	/ 1 )
	=	5464.244	/	( ( 13649.505	+	0 )	/ 1 )
	=	5464.244	/	13649.505
	=	40.03 %

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

Ganesh Housing (NSE:GANESHHOUC) 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.

Ganesh Housing ROCE % Related Terms

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Ganesh Housing (NSE:GANESHHOUC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ganesh Housing Corp Ltd (NSE:GANESHHOUC) » Definitions » ROCE %

Traded in Other Exchanges

526367:India

Address

100 Feet Hebatpur-Thaltej Road, Ganesh Corporate House, Near Sola Bridge, Off. S. G. Highway, Ahmedabad, GJ, IND, 380 054

Website

https://www.ganeshhousing.com

Ganesh Housing Corp Ltd is engaged in the business of construction of residential, commercial and infrastructure projects. The company's business activity falls within a single business segment - The development of real estate property. Its residential and commercial projects include Malabar County - II, Sundarvan Epitome, Suyojan, Satva, Magnet Corporate Park, and GCP Business Center.

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