Indian Energy Exchange (BOM:540750) ROCE % : 53.52% (As of Dec. 2023)

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What is Indian Energy Exchange 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. Indian Energy Exchange's annualized ROCE % for the quarter that ended in Dec. 2023 was 53.52%.

Indian Energy Exchange ROCE % Historical Data

The historical data trend for Indian Energy Exchange'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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Indian Energy Exchange ROCE % Chart

Indian Energy Exchange Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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66.17

54.61

52.67

60.53

51.00

Indian Energy Exchange 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															50.66	55.20	48.17	50.06	53.52

Indian Energy Exchange ROCE % Calculation

Indian Energy Exchange'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 )
	=	4042.819	/	( ( (16961.924 - 9537.022)	+	(14534.098 - 6104.433) )	/ 2 )
	=	4042.819	/	( (7424.902	+	8429.665)	/ 2 )
	=	4042.819	/	7927.2835
	=	51.00 %

Indian Energy Exchange'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 )
	=	4919.884	/	( ( (16167.965 - 6975.852)	+	(0 - 0) )	/ 1 )
	=	4919.884	/	( ( 9192.113	+	0 )	/ 1 )
	=	4919.884	/	9192.113
	=	53.52 %

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

Indian Energy Exchange (BOM:540750) 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.

Indian Energy Exchange ROCE % Related Terms

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Indian Energy Exchange (BOM:540750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Indian Energy Exchange Ltd (BOM:540750) » Definitions » ROCE %

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IEX:India

Address

Gautam Buddha Nagar, 9th Floor, Plot No. C-001/A/1, Max Towers, Sector 16B, Noida, UP, IND, 201 301

Website

https://www.iexindia.com

Indian Energy Exchange Ltd is an India-based power trading platform provider. It offers an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. It offers an electronic platform for the trading of electricity products in India. The Company has determined reportable segments by the nature of its products and services, which are Power exchange, Carbon exchange, and Gas exchange.

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