TARC (BOM:543249) ROCE % : 1.23% (As of Sep. 2023)

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What is TARC 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. TARC's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.23%.

TARC ROCE % Historical Data

The historical data trend for TARC'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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TARC ROCE % Chart

TARC Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

3.09

0.50

-7.82

8.25

TARC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial											5.55	4.21	5.92	6.67	1.23

TARC ROCE % Calculation

TARC'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 )
	=	1581.747	/	( ( (29791.572 - 16361.216)	+	(31573.013 - 6639.608) )	/ 2 )
	=	1581.747	/	( (13430.356	+	24933.405)	/ 2 )
	=	1581.747	/	19181.8805
	=	8.25 %

TARC's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	283.34	/	( ( (0 - 0)	+	(32478.825 - 9434.752) )	/ 1 )
	=	283.34	/	( ( 0	+	23044.073 )	/ 1 )
	=	283.34	/	23044.073
	=	1.23 %

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

TARC (BOM:543249) 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.

TARC ROCE % Related Terms

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TARC (BOM:543249) Business Description

Industry

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Traded in Other Exchanges

TARC:India

Address

Katwaria Sarai, 2nd Floor, C-3, Qutab Institutional Area, New Delhi, IND, 110016

Website

https://www.tarc.in

TARC Ltd operates in the real estate industry. The company is engaged in the business of developing and constructing information and technology parks, hospitality projects, special economic zones, office complexes, shopping malls and residential projects in the State of Delhi, Haryana, Rajasthan and the National Capital Region.

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