Neo Infracon (BOM:514332) ROCE % : 3.48% (As of Sep. 2024)

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What is Neo Infracon 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. Neo Infracon's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.48%.

Neo Infracon ROCE % Historical Data

The historical data trend for Neo Infracon'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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Neo Infracon ROCE % Chart

Neo Infracon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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38.40

17.93

12.06

4.65

3.85

Neo Infracon 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															2.74	28.57	3.47	-3.04	3.48

Neo Infracon ROCE % Calculation

Neo Infracon'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 )
	=	5.08	/	( ( (304.426 - 218.122)	+	(326.96 - 149.055) )	/ 2 )
	=	5.08	/	( (86.304	+	177.905)	/ 2 )
	=	5.08	/	132.1045
	=	3.85 %

Neo Infracon'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 )
	=	5.876	/	( ( (0 - 0)	+	(308.36 - 139.738) )	/ 1 )
	=	5.876	/	( ( 0	+	168.622 )	/ 1 )
	=	5.876	/	168.622
	=	3.48 %

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

Neo Infracon (BOM:514332) 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.

Neo Infracon ROCE % Related Terms

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Neo Infracon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Neo Infracon Ltd (BOM:514332) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

M.S.Ali Road, 1st Floor, 103 &104, Sarah Heights Building, Situated at 322 B, Grant Road, Mumbai, MH, IND, 400007

Website

https://www.neoinfraconltd.com

Neo Infracon Ltd is a real estate development company. It is developing affordable houses in town areas of Mumbai. The company is mainly dealing with construction services in respect of commercial, industrial buildings, and residential complexes. Geographically, the activities are carried out through the region of India. The company generates the majority of its revenue from Sub contract sales. The company's project consists of Neo Clarissa, Amity, Neo Residency, Neo Pearl, Ankush Apartment, Akashdeep, and Deshmukh lane.

Neo Infracon Headlines

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