Zodiac Ventures (BOM:503641) ROCE % : 23.99% (As of Sep. 2024)

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What is Zodiac Ventures 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. Zodiac Ventures's annualized ROCE % for the quarter that ended in Sep. 2024 was 23.99%.

Zodiac Ventures ROCE % Historical Data

The historical data trend for Zodiac Ventures'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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Zodiac Ventures ROCE % Chart

Zodiac Ventures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.97

14.68

17.50

27.10

25.87

Zodiac Ventures 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															7.14	19.71	40.85	20.72	23.99

Zodiac Ventures ROCE % Calculation

Zodiac Ventures'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 )
	=	115.212	/	( ( (1341.839 - 927.19)	+	(1608.24 - 1132.314) )	/ 2 )
	=	115.212	/	( (414.649	+	475.926)	/ 2 )
	=	115.212	/	445.2875
	=	25.87 %

Zodiac Ventures'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 )
	=	40.452	/	( ( (0 - 0)	+	(428.188 - 259.585) )	/ 1 )
	=	40.452	/	( ( 0	+	168.603 )	/ 1 )
	=	40.452	/	168.603
	=	23.99 %

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

Zodiac Ventures (BOM:503641) 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.

Zodiac Ventures ROCE % Related Terms

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Zodiac Ventures Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zodiac Ventures Ltd (BOM:503641) » Definitions » ROCE %

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Address

Off Gulmohar Road, 205-C, 45 Juhu Residency, Juhu, Vile Parle (West), Mumbai, MH, IND, 400049

Website

https://www.zodiacventures.in

Zodiac Ventures Ltd is engaged in the reconstruction or redevelopment of slum areas, ceased buildings by housing societies, or old buildings belonging to the municipal corporation of Greater Mumbai. The company has one segmental operation i. e. Real Estate Project Advisory and Development and Construction of Real Estate Projects. It earns revenue from providing architectural and consultancy services in the real estate sector. The company operates only in the Indian market and mainly revenue is generated from construction cum finance charges.

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