Indus Infra Trust (BOM:544137) ROC % : 0.12% (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Indus Infra Trust ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Indus Infra Trust's annualized return on capital (ROC %) for the quarter that ended in Mar. 2024 was 0.12%.

As of today (2024-12-12), Indus Infra Trust's WACC % is 9.61%. Indus Infra Trust's ROC % is 0.12% (calculated using TTM income statement data). Indus Infra Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Indus Infra Trust ROC % Historical Data

The historical data trend for Indus Infra Trust's ROC % 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.

* Premium members only.

Indus Infra Trust ROC % Chart

Indus Infra Trust Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROC %

0.02

0.10

0.42

0.09

0.16

Indus Infra Trust Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24
ROC %	Get a 7-Day Free Trial			-	-	-	0.08	0.12

Indus Infra Trust ROC % Calculation

Indus Infra Trust's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2024 is calculated as:

	ROC % (A: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2023 )	+	Invested Capital (A: Mar. 2024 ))	/ count )
=	60.37 * ( 1 - 24.91% )	/	( (25.45	+	55301.09)	/ 2 )
=	45.331833	/	27663.27
=	0.16 %

where

	Invested Capital		(A: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	78.06	-	52.6	-	( 0.09	-	max(0, 78.05	-	78.06	+	0.09	))
=	25.45

	Invested Capital		(A: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	62594.11	-	1589.98	-	( 5703.04	-	max(0, 3297.78	-	13958.29	+	5703.04	))
=	55301.09

Indus Infra Trust's annualized Return on Capital (ROC %) for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	92.36 * ( 1 - 25.3% )	/	( (56507.67	+	55301.09)	/ 2 )
=	68.99292	/	55904.38
=	0.12 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	59167.98	-	353.66	-	( 2306.65	-	max(0, 4101.87	-	12092.14	+	2306.65	))
=	56507.67

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	62594.11	-	1589.98	-	( 5703.04	-	max(0, 3297.78	-	13958.29	+	5703.04	))
=	55301.09

Note: The Operating Income data used here is two times the semi-annual (Mar. 2024) data.

Indus Infra Trust (BOM:544137) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Indus Infra Trust's WACC % is 9.61%. Indus Infra Trust's ROC % is 0.12% (calculated using TTM income statement data). Indus Infra Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Indus Infra Trust ROC % Related Terms

Thank you for viewing the detailed overview of Indus Infra Trust's ROC % provided by GuruFocus.com. Please click on the following links to see related term pages.

Indus Infra Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Indus Infra Trust (BOM:544137) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

BHINVIT:India

Address

Plot No. 18, Sector 18, Novus Tower, Second Floor, Gurugram, HR, IND, 122 015

Website

https://www.indusinvit.com/

Indus Infra Trust is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets across sectors and/or securities of companies engaged in the infrastructure sector.

Indus Infra Trust Headlines

No Headlines