Art Nirman (NSE:ARTNIRMAN) ROCE %

: 2.18% (As of Mar. 2023)

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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. Art Nirman's annualized ROCE % for the quarter that ended in Mar. 2023 was 2.18%.

Art Nirman ROCE % Historical Data

The historical data trend for Art Nirman'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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Art Nirman Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

14.85

11.13

2.96

-22.33

0.71

Art Nirman Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %														3.77	-17.04	-29.07	-0.79	2.18

Art Nirman ROCE % Calculation

Art Nirman'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 )
	=	2.88	/	( ( (449.784 - 53.226)	+	(518.874 - 106.799) )	/ 2 )
	=	2.88	/	( (396.558	+	412.075)	/ 2 )
	=	2.88	/	404.3165
	=	0.71 %

Art Nirman's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	8.926	/	( ( (479.568 - 74.101)	+	(518.874 - 106.799) )	/ 2 )
	=	8.926	/	( ( 405.467	+	412.075 )	/ 2 )
	=	8.926	/	408.771
	=	2.18 %

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

Art Nirman (NSE:ARTNIRMAN) 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.

Art Nirman ROCE % Related Terms

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Art Nirman (NSE:ARTNIRMAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Art Nirman Ltd (NSE:ARTNIRMAN) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Science City Main Road, 410, JBR Arcade, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.artnirman.com

Art Nirman Ltd is engaged in the construction of residential and commercial buildings in India. Its residential projects include Affordable housing, luxurious flat, and towers as well as luxurious bungalows and its commercial projects comprise office spaces as well as showrooms and shops. The company operates only in India. It operates in one segment namely Real Estate.

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