Shriram Properties (BOM:543419) ROCE % : 11.77% (As of Dec. 2023)

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What is Shriram Properties 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. Shriram Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.77%.

Shriram Properties ROCE % Historical Data

The historical data trend for Shriram Properties'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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Shriram Properties ROCE % Chart

Shriram Properties Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

15.29

3.82

7.99

14.18

13.63

Shriram Properties Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										14.69	11.24	17.77	14.81	11.77

Shriram Properties ROCE % Calculation

Shriram Properties'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 )
	=	1695.29	/	( ( (36337.44 - 24344.04)	+	(36413.8 - 23522.45) )	/ 2 )
	=	1695.29	/	( (11993.4	+	12891.35)	/ 2 )
	=	1695.29	/	12442.375
	=	13.63 %

Shriram Properties'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 )
	=	1655.6	/	( ( (40322 - 26251.9)	+	(0 - 0) )	/ 1 )
	=	1655.6	/	( ( 14070.1	+	0 )	/ 1 )
	=	1655.6	/	14070.1
	=	11.77 %

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

Shriram Properties (BOM:543419) 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.

Shriram Properties ROCE % Related Terms

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Shriram Properties (BOM:543419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shriram Properties Ltd (BOM:543419) » Definitions » ROCE %

Traded in Other Exchanges

SHRIRAMPPS:India

Address

No. 31, 2nd Main Road, T. Chowdaiah Road, Shriram House, Sadashivanagar, Bengaluru, KA, IND, 560 080

Website

https://www.shriramproperties.com

Shriram Properties Ltd is a residential real estate development company. The Company is engaged in the business of construction, development and sale of all or any part of housing project which is the only reportable segment. It primarily focuses on the mid-market and affordable housing segments. It is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories.

Shriram Properties (BOM:543419) Headlines

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