HB Estate Developers (BOM:532334) ROCE % : 12.34% (As of Mar. 2024)

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What is HB Estate Developers 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. HB Estate Developers's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.34%.

HB Estate Developers ROCE % Historical Data

The historical data trend for HB Estate Developers'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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HB Estate Developers ROCE % Chart

HB Estate Developers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.58

-4.03

0.19

5.88

8.15

HB Estate Developers 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															8.31	5.03	5.56	9.35	12.34

HB Estate Developers ROCE % Calculation

HB Estate Developers'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 )
	=	334.446	/	( ( (5050.819 - 622.743)	+	(4941.926 - 1161.788) )	/ 2 )
	=	334.446	/	( (4428.076	+	3780.138)	/ 2 )
	=	334.446	/	4104.107
	=	8.15 %

HB Estate Developers'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 )
	=	466.432	/	( ( (0 - 0)	+	(4941.926 - 1161.788) )	/ 1 )
	=	466.432	/	( ( 0	+	3780.138 )	/ 1 )
	=	466.432	/	3780.138
	=	12.34 %

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

HB Estate Developers (BOM:532334) 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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HB Estate Developers (BOM:532334) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » HB Estate Developers Ltd (BOM:532334) » Definitions » ROCE %

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Address

Plot No. 31, Echelon Institutional Area, Sector-32, Gurugram, HR, IND, 122001

Website

https://www.hbestate.com

HB Estate Developers Ltd is engaged in the development of commercial residential complexes in India. The Company is engaged in the business of owning and managing hotels and real estate properties. The firm generates a majority of its revenue through hotel operations such as room rent, food and beverage supply, restaurant, banquet income, and other services.

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