Sadbhav Infrastructure Projects (BOM:539346) ROCE % : -9.93% (As of Mar. 2024)

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What is Sadbhav Infrastructure 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. Sadbhav Infrastructure Projects's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.93%.

Sadbhav Infrastructure Projects ROCE % Historical Data

The historical data trend for Sadbhav Infrastructure 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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Sadbhav Infrastructure Projects ROCE % Chart

Sadbhav Infrastructure Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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26.89

7.77

16.42

7.01

-12.41

Sadbhav Infrastructure Projects 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															53.75	23.42	-95.19	-12.82	-9.93

Sadbhav Infrastructure Projects ROCE % Calculation

Sadbhav Infrastructure Projects'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 )
	=	-1294.16	/	( ( (76993.33 - 60665.49)	+	(55189.05 - 50666.33) )	/ 2 )
	=	-1294.16	/	( (16327.84	+	4522.72)	/ 2 )
	=	-1294.16	/	10425.28
	=	-12.41 %

Sadbhav Infrastructure Projects'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 )
	=	-449.04	/	( ( (0 - 0)	+	(55189.05 - 50666.33) )	/ 1 )
	=	-449.04	/	( ( 0	+	4522.72 )	/ 1 )
	=	-449.04	/	4522.72
	=	-9.93 %

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

Sadbhav Infrastructure Projects (BOM:539346) 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.

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Sadbhav Infrastructure Projects (BOM:539346) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sadbhav Infrastructure Projects Ltd (BOM:539346) » Definitions » ROCE %

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SADBHIN:India

Address

Sadbhav, Near Havmor Restaurant, Behind Navrangpura Bus Stand, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.sadbhavinfra.co.in

Sadbhav Infrastructure Projects Ltd is an India-based company engaged in the development, construction, operation, and maintenance of infrastructure projects and related consulting and advisory services. Geographically, it operates only in India. Some of its projects include Ahmedabad Ring Road Infrastructure Limited; Aurangabad Jalna Tollway Limited; Hyderabad Yadgiri Tollway Private Limited and others. It earns a majority of its revenue from operation and maintenance and project management services.

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