Thakkers Developers (BOM:526654) ROCE % : 1.39% (As of Dec. 2024)

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What is Thakkers Developers 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. Thakkers Developers's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.39%.

Thakkers Developers ROCE % Historical Data

The historical data trend for Thakkers Developers'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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Thakkers Developers ROCE % Chart

Thakkers Developers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.22

9.21

20.61

9.84

-0.19

Thakkers Developers Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															0.52	-3.23	0.30	6.38	1.39

Thakkers Developers ROCE % Calculation

Thakkers Developers'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 )
	=	-3.894	/	( ( (2278.979 - 206.418)	+	(2344.892 - 299.499) )	/ 2 )
	=	-3.894	/	( (2072.561	+	2045.393)	/ 2 )
	=	-3.894	/	2058.977
	=	-0.19 %

Thakkers Developers's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	28.4	/	( ( (2453.291 - 410.84)	+	(2399.931 - 343.5) )	/ 2 )
	=	28.4	/	( ( 2042.451	+	2056.431 )	/ 2 )
	=	28.4	/	2049.441
	=	1.39 %

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

Thakkers Developers (BOM:526654) 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.

Thakkers Developers ROCE % Related Terms

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Thakkers Developers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Thakkers Developers Ltd (BOM:526654) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Modi Street, 37/39, Kantol Niwas, Fort, Mumbai, MH, IND, 400 001

Website

https://www.thakkersdevelopers.com

Thakkers Developers Ltd is an India-based company engaged in construction and real estate development activities. Its segments include Construction and Contract Related Activity and Estate Dealing and Development Activity. It has plots under divisions including industrial, commercial, residential, and agricultural. Richmond Heights, Indigo Park, Purab Pashchim Plaza, and Thakkers Majesty are a few of the company's projects. It generates key revenue from the Construction and Contract Related Activity.

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