Brookfield India Real Estate Trust (NSE:BIRET) ROC % : 3.49% (As of Jun. 2024)

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What is Brookfield India Real Estate 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 %. Brookfield India Real Estate Trust's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was 3.49%.

As of today (2025-03-26), Brookfield India Real Estate Trust's WACC % is 5.32%. Brookfield India Real Estate Trust's ROC % is 1.95% (calculated using TTM income statement data). Brookfield India Real Estate Trust earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Brookfield India Real Estate Trust ROC % Historical Data

The historical data trend for Brookfield India Real Estate 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.

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Brookfield India Real Estate Trust ROC % Chart

Brookfield India Real Estate Trust Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROC %

3.52

3.44

-0.25

Brookfield India Real Estate Trust Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROC %	Get a 7-Day Free Trial									3.04	0.36	2.35	0.54	3.49

Brookfield India Real Estate Trust ROC % Calculation

Brookfield India Real Estate 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 )
=	8477.76 * ( 1 - 105.99% )	/	( (147219.13	+	263825.13)	/ 2 )
=	-507.817824	/	205522.13
=	-0.25 %

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	))
=	146406.98	-	1633.76	-	( 2096.55	-	max(0, 6644.97	-	4199.06	+	2096.55	))
=	147219.13

	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	))
=	256121.05	-	2010.77	-	( 3702.87	-	max(0, 17145.25	-	7430.4	+	3702.87	))
=	263825.13

Brookfield India Real Estate Trust's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	12476.12 * ( 1 - 24.35% )	/	( (263825.13	+	276466.52)	/ 2 )
=	9438.18478	/	270145.825
=	3.49 %

where

	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	))
=	256121.05	-	2010.77	-	( 3702.87	-	max(0, 17145.25	-	7430.4	+	3702.87	))
=	263825.13

	Invested Capital		(Q: Jun. 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	))
=	268557.13	-	2120.26	-	( 4327.08	-	max(0, 18150.25	-	8120.6	+	4327.08	))
=	276466.52

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

Brookfield India Real Estate Trust (NSE:BIRET) 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, Brookfield India Real Estate Trust's WACC % is 5.32%. Brookfield India Real Estate Trust's ROC % is 1.95% (calculated using TTM income statement data). Brookfield India Real Estate 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.

Brookfield India Real Estate Trust ROC % Related Terms

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Brookfield India Real Estate Trust Business Description

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543261:India

Address

3rd Avenue, G-Block, Office No.2, 4th Floor, Plot C-68, Godrej BKC, Bandra Kurla Complex, Mumbai, MH, IND, 400051

Website

https://www.brookfieldindiareit.in

Brookfield India Real Estate Trust is an institutionally managed office real estate investment trust. It is engaged in the business of developing, maintaining, and leasing commercial real estate properties in India across various cities including Mumbai, Gurugram, Noida, and Kolkata, fostering collaborative and vibrant communities.

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