Nirlon (BOM:500307) ROCE % : 23.79% (As of Sep. 2024)

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What is Nirlon 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. Nirlon's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.79%.

Nirlon ROCE % Historical Data

The historical data trend for Nirlon'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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Nirlon ROCE % Chart

Nirlon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.76

11.07

12.22

17.51

22.16

Nirlon Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															22.40	22.40	22.26	22.28	23.79

Nirlon ROCE % Calculation

Nirlon's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	4244.695	/	( ( (21012.221 - 2019.647)	+	(21262.187 - 1945.912) )	/ 2 )
	=	4244.695	/	( (18992.574	+	19316.275)	/ 2 )
	=	4244.695	/	19154.4245
	=	22.16 %

Nirlon's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4663.06	/	( ( (0 - 0)	+	(22688.946 - 3090.705) )	/ 1 )
	=	4663.06	/	( ( 0	+	19598.241 )	/ 1 )
	=	4663.06	/	19598.241
	=	23.79 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Nirlon (BOM:500307) 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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Nirlon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nirlon Ltd (BOM:500307) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Pahadi Village, Off the Western Express Highway, Goregaon (East), Mumbai, MH, IND, 400 063

Website

https://www.nirlonltd.com

Nirlon Ltd is an India based real estate company. It is engaged in developing and managing Information Technology Parks, Industrial Park, and Knowledge Parks. Its projects include Nirlon Knowledge Park. The company generates revenues from Licence fees. Geographically, it operates only in India.

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