Indowind Energy (BOM:532894) ROCE % : 1.05% (As of Dec. 2023)

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What is Indowind Energy 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. Indowind Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.05%.

Indowind Energy ROCE % Historical Data

The historical data trend for Indowind Energy'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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Indowind Energy ROCE % Chart

Indowind Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.88

1.84

0.80

0.77

0.42

Indowind Energy 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															1.58	-9.97	4.27	8.48	1.05

Indowind Energy ROCE % Calculation

Indowind Energy'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 )
	=	10.369	/	( ( (2877.983 - 449.979)	+	(3132.799 - 564.335) )	/ 2 )
	=	10.369	/	( (2428.004	+	2568.464)	/ 2 )
	=	10.369	/	2498.234
	=	0.42 %

Indowind Energy'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 )
	=	29.072	/	( ( (2915.001 - 137.707)	+	(0 - 0) )	/ 1 )
	=	29.072	/	( ( 2777.294	+	0 )	/ 1 )
	=	29.072	/	2777.294
	=	1.05 %

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

Indowind Energy (BOM:532894) 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.

Indowind Energy ROCE % Related Terms

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Indowind Energy (BOM:532894) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Indowind Energy Ltd (BOM:532894) » Definitions » ROCE %

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INDOWIND:India

Address

114, Mahatma Gandhi Road, Kothari Buildings, 4th Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.indowind.com

Indowind Energy Ltd is an independent power producer in the renewable energy field generating green power through dedicated wind farms and also offering allied services in the wind energy sector. It offers the following services to various stakeholders in the power industry - green power sale, project management services, asset management services, and value addition services. The company generates its revenue from the sale of power.

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