IITL Projects (BOM:531968) ROCE % : 2,541.95% (As of Dec. 2023)

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What is IITL Projects 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. IITL Projects's annualized ROCE % for the quarter that ended in Dec. 2023 was 2,541.95%.

IITL Projects ROCE % Historical Data

The historical data trend for IITL Projects'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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IITL Projects ROCE % Chart

IITL Projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-78.15

-323.61

-106.44

IITL Projects 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															442.59	-727.63	-13.28	-34.02	2,541.95

IITL Projects ROCE % Calculation

IITL Projects'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 )
	=	-29.883	/	( ( (303.561 - 286.968)	+	(273.584 - 234.028) )	/ 2 )
	=	-29.883	/	( (16.593	+	39.556)	/ 2 )
	=	-29.883	/	28.0745
	=	-106.44 %

IITL Projects'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 )
	=	895.86	/	( ( (296.608 - 261.365)	+	(0 - 0) )	/ 1 )
	=	895.86	/	( ( 35.243	+	0 )	/ 1 )
	=	895.86	/	35.243
	=	2,541.95 %

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

IITL Projects (BOM:531968) 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.

IITL Projects ROCE % Related Terms

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IITL Projects (BOM:531968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » IITL Projects Ltd (BOM:531968) » Definitions » ROCE %

Traded in Other Exchanges

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Address

313-315, Vikas Deep Building, District Centre, Laxmi Nagar, Delhi, IND, 110092

Website

https://www.iitlprojects.com

IITL Projects Ltd is engaged in the real estate business and construction of residential complexes in the National Capital Region (NCR). It operates through the Real Estate development and related activities segment. It is also involved in providing techno-commercial consultancy to infrastructure projects. The company's projects under construction at various levels include Express Park View, Express Park View-II, The Hyde Park, The Golden Palms, and The Golden Palm Village.

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