Arihant Foundations & Housing (BOM:531381) ROCE % : 8.73% (As of Mar. 2024)

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What is Arihant Foundations & Housing 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 Foundations & Housing's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.73%.

Arihant Foundations & Housing ROCE % Historical Data

The historical data trend for Arihant Foundations & Housing'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 Foundations & Housing ROCE % Chart

Arihant Foundations & Housing Annual Data

Trend

Sep13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.89

3.34

3.27

12.60

11.78

Arihant Foundations & Housing 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															6.65	9.84	8.28	20.76	8.73

Arihant Foundations & Housing ROCE % Calculation

Arihant Foundations & Housing'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 )
	=	371.5	/	( ( (4917.987 - 1682.061)	+	(4424.1 - 1350.2) )	/ 2 )
	=	371.5	/	( (3235.926	+	3073.9)	/ 2 )
	=	371.5	/	3154.913
	=	11.78 %

Arihant Foundations & Housing'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 )
	=	268.4	/	( ( (0 - 0)	+	(4424.1 - 1350.2) )	/ 1 )
	=	268.4	/	( ( 0	+	3073.9 )	/ 1 )
	=	268.4	/	3073.9
	=	8.73 %

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

Arihant Foundations & Housing (BOM:531381) 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.

Arihant Foundations & Housing ROCE % Related Terms

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Arihant Foundations & Housing (BOM:531381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Arihant Foundations & Housing Ltd (BOM:531381) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

3rd Street, Off. Cenotaph Road, New No. 3 (Old No. 25), Ganapathy Colony, Teynampet, Chennai, TN, IND, 600018

Website

https://www.arihantspaces.com

Arihant Foundations & Housing Ltd is engaged in the business of construction and providing infrastructure facilities. It develops both residential and commercial real estate properties. Its portfolio comprises villas, apartments, IT parks, hotels, shopping malls, multiplex, developed plots, and commercial buildings. The company serves a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.

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