Veer Global Infraconstruction (BOM:543241) ROCE % : 3.70% (As of Sep. 2023)

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What is Veer Global Infraconstruction 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. Veer Global Infraconstruction's annualized ROCE % for the quarter that ended in Sep. 2023 was 3.70%.

Veer Global Infraconstruction ROCE % Historical Data

The historical data trend for Veer Global Infraconstruction'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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Veer Global Infraconstruction ROCE % Chart

Veer Global Infraconstruction Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.81

3.28

3.11

3.38

4.02

Veer Global Infraconstruction Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial					4.03	3.31	3.42	5.01	3.70

Veer Global Infraconstruction ROCE % Calculation

Veer Global Infraconstruction'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 )
	=	10.444	/	( ( (461.566 - 257.689)	+	(536.362 - 221.247) )	/ 2 )
	=	10.444	/	( (203.877	+	315.115)	/ 2 )
	=	10.444	/	259.496
	=	4.02 %

Veer Global Infraconstruction'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	11.714	/	( ( (536.362 - 221.247)	+	(498.01 - 179.229) )	/ 2 )
	=	11.714	/	( ( 315.115	+	318.781 )	/ 2 )
	=	11.714	/	316.948
	=	3.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Veer Global Infraconstruction (BOM:543241) 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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Veer Global Infraconstruction (BOM:543241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Veer Global Infraconstruction Ltd (BOM:543241) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A-01 Shalibhadra Classic, 100 feet Link Road, Near Union Bank of India, Nalasopara East, Thane, MH, IND, 401 209

Website

http://www.veergloballtd.com

Veer Global Infraconstruction Ltd is engaged in the construction business, such as location identification, acquisition, project planning, designing, and development. Its business divisions include residential projects, business and retail properties, Integrated Townships, and Commercials Plaza.

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