Rainbow Foundations (BOM:531694) ROCE % : 29.42% (As of Dec. 2023)

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What is Rainbow Foundations 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. Rainbow Foundations's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.42%.

Rainbow Foundations ROCE % Historical Data

The historical data trend for Rainbow Foundations'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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Rainbow Foundations ROCE % Chart

Rainbow Foundations Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.85

11.67

12.04

10.11

13.74

Rainbow Foundations Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															14.01	11.98	15.95	29.17	29.42

Rainbow Foundations ROCE % Calculation

Rainbow Foundations's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	151.192	/	( ( (3459.449 - 2759.307)	+	(5306.143 - 3806.137) )	/ 2 )
	=	151.192	/	( (700.142	+	1500.006)	/ 2 )
	=	151.192	/	1100.074
	=	13.74 %

Rainbow Foundations's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	240.188	/	( ( (5828.824 - 5012.5)	+	(0 - 0) )	/ 1 )
	=	240.188	/	( ( 816.324	+	0 )	/ 1 )
	=	240.188	/	816.324
	=	29.42 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Rainbow Foundations (BOM:531694) 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.

Rainbow Foundations ROCE % Related Terms

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Rainbow Foundations (BOM:531694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rainbow Foundations Ltd (BOM:531694) » Definitions » ROCE %

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Address

No. 4, Thanikachalam Road, T. Nagar, Chennai, TN, IND, 600 017

Website

https://www.rainbowfoundations.in

Rainbow Foundations Ltd engages in the construction and development of real estate properties. The company is engaged in the building of residential flats, commercial complexes, villas, and resorts. It is also engaged in the property development and marketing of plots and pieces of land. The company's projects include Rainbow Ekanta, Rainbow Trade Center, Rainbow Girnar, Rainbow Adarsh, Rainbow Retreat, Rainbow Pinnacle, and others. It generates a majority of its revenue from the sale of flats/houses and shops. Geographically, it operates in India.

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