Arihant Superstructures (BOM:506194) ROCE % : 16.34% (As of Mar. 2024)

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What is Arihant Superstructures 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. Arihant Superstructures's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.34%.

Arihant Superstructures ROCE % Historical Data

The historical data trend for Arihant Superstructures'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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Arihant Superstructures ROCE % Chart

Arihant Superstructures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.15

10.99

18.27

17.02

16.42

Arihant Superstructures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.93	18.42	14.60	15.01	16.34

Arihant Superstructures ROCE % Calculation

Arihant Superstructures'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 )
	=	1065.79	/	( ( (10328.145 - 4696.353)	+	(11910.061 - 4557.769) )	/ 2 )
	=	1065.79	/	( (5631.792	+	7352.292)	/ 2 )
	=	1065.79	/	6492.042
	=	16.42 %

Arihant Superstructures's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1201.08	/	( ( (0 - 0)	+	(11910.061 - 4557.769) )	/ 1 )
	=	1201.08	/	( ( 0	+	7352.292 )	/ 1 )
	=	1201.08	/	7352.292
	=	16.34 %

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

Arihant Superstructures (BOM:506194) 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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Arihant Superstructures (BOM:506194) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arihant Superstructures Ltd (BOM:506194) » Definitions » ROCE %

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ARIHANTSUP:India

Address

TTC Industrial Area, Thane Belapur Road, Arihant Aura, 25th Floor, B-Wing, Plot No. 13/1, Turbhe MIDC, Turbhe, Navi Mumbai, Mumbai, MH, IND, 400705

Website

https://www.asl.net.in

Arihant Superstructures Ltd is an India-based real estate development company. The operation of the company spans in all aspects of real estate development from the identification and acquisition of land, planning, execution, construction, and marketing of projects. Some of the projects of the company are Arihant Aloki - Karjat, Arihant Arshiya - Khopoli, Arihant Anmol - Badlapur, Arihant Amisha - Taloja, Arihant Anshula - Taloja, Arihant Anaika - Taloja and many more.

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