G G Dandekar Properties (BOM:505250) ROCE % : -3.36% (As of Dec. 2023)

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What is G G Dandekar 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. G G Dandekar Properties's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.36%.

G G Dandekar Properties ROCE % Historical Data

The historical data trend for G G Dandekar 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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G G Dandekar Properties ROCE % Chart

G G Dandekar Properties Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-8.09

-11.99

-3.96

36.64

-1.03

G G Dandekar Properties 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															-0.62	-1.03	-0.55	1.30	-3.36

G G Dandekar Properties ROCE % Calculation

G G Dandekar 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 )
	=	-5.996	/	( ( (581.516 - 6.698)	+	(608.449 - 13.804) )	/ 2 )
	=	-5.996	/	( (574.818	+	594.645)	/ 2 )
	=	-5.996	/	584.7315
	=	-1.03 %

G G Dandekar 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 )
	=	-19.876	/	( ( (603.748 - 12.743)	+	(0 - 0) )	/ 1 )
	=	-19.876	/	( ( 591.005	+	0 )	/ 1 )
	=	-19.876	/	591.005
	=	-3.36 %

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

G G Dandekar Properties (BOM:505250) 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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G G Dandekar Properties (BOM:505250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » G G Dandekar Properties Ltd (BOM:505250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

211/A, MIDC, Butibori Industrial Area, Village Kinhi, Taluka Hingna, Nagpur, MH, IND, 441122

Website

http://www.ggdandekar.com

G G Dandekar Properties Ltd Formerly G G Dandekar Machine Works Ltd is engaged in the business of manufacturing food processing machineries, especially for rice milling, Dal milling, and Spices grinding. The company's products include Vibro Cleaner, Vibro Destoner, Paddy Seperator, Rice Whitening Machine, Silky Polishers, Pneumatic Rubber Roll Sheller, Negative Bran Suction, Trieur Cylinder, and Colour Sorters.

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