Narendra Properties (BOM:531416) ROCE % : -29.70% (As of Mar. 2024)

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What is Narendra Properties 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. Narendra Properties's annualized ROCE % for the quarter that ended in Mar. 2024 was -29.70%.

Narendra Properties ROCE % Historical Data

The historical data trend for Narendra Properties'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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Narendra Properties ROCE % Chart

Narendra Properties Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.05

39.04

-5.37

15.60

8.18

Narendra Properties 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															72.27	7.49	55.28	-7.14	-29.70

Narendra Properties ROCE % Calculation

Narendra Properties'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 )
	=	29.975	/	( ( (370.135 - 11.461)	+	(379.065 - 5.033) )	/ 2 )
	=	29.975	/	( (358.674	+	374.032)	/ 2 )
	=	29.975	/	366.353
	=	8.18 %

Narendra Properties'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 )
	=	-111.072	/	( ( (0 - 0)	+	(379.065 - 5.033) )	/ 1 )
	=	-111.072	/	( ( 0	+	374.032 )	/ 1 )
	=	-111.072	/	374.032
	=	-29.70 %

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

Narendra Properties (BOM:531416) 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.

Narendra Properties ROCE % Related Terms

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Narendra Properties (BOM:531416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Narendra Properties Ltd (BOM:531416) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Barnaby Road, Makanji House, 2nd Floor, No. 49 (Old No. 25), Kilpauk, Chennai, TN, IND, 600 010

Website

https://www.narendraproperties.com

Narendra Properties Ltd is an India-based real estate company. It is involved in undertaking development projects of residential and commercial multi-storied apartment complexes. In addition, it also undertakes civil construction projects. The company operates in the development of commercial and residential properties segment. Some of its projects are Devi, Anjli, Agastya, Manor and others. Geographically operates only in India.

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