Abhishek Infraventures (BOM:539544) ROCE % : -9.24% (As of Mar. 2024)

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What is Abhishek Infraventures 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. Abhishek Infraventures's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.24%.

Abhishek Infraventures ROCE % Historical Data

The historical data trend for Abhishek Infraventures'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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Abhishek Infraventures ROCE % Chart

Abhishek Infraventures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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2.65

-8.78

-6.99

0.04

-4.87

Abhishek Infraventures 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															19.92	-3.48	-6.66	-3.78	-9.24

Abhishek Infraventures ROCE % Calculation

Abhishek Infraventures'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 )
	=	-2.606	/	( ( (79.331 - 25.136)	+	(77.738 - 24.854) )	/ 2 )
	=	-2.606	/	( (54.195	+	52.884)	/ 2 )
	=	-2.606	/	53.5395
	=	-4.87 %

Abhishek Infraventures'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 )
	=	-4.888	/	( ( (0 - 0)	+	(77.738 - 24.854) )	/ 1 )
	=	-4.888	/	( ( 0	+	52.884 )	/ 1 )
	=	-4.888	/	52.884
	=	-9.24 %

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

Abhishek Infraventures (BOM:539544) 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.

Abhishek Infraventures ROCE % Related Terms

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Abhishek Infraventures (BOM:539544) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Abhishek Infraventures Ltd (BOM:539544) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Melange Tower Sy.No 80-84 3/B7, 4,5,5/A,B,6,6/A,8(P)&17,9/A/16&25/9, 6C-B, 6th Floor, Madhapur, Hyderabad, TG, IND, 500081

Website

http://www.abhishekinfra.co.in

Abhishek Infraventures Ltd is an India-based firm. It operates in one segment namely Construction and project-related activity. The company is engaged in the business as planners, builders, contractors, and civil engineers to build, construct, own, operate, maintain, structure Development and Realty Activities manage, control, and administer residential or industrial building complexes, retail stores, shopping center, market yards, all kinds of cinema theatres and other properties, also the company designs and evaluates all steps, and processes for setting up all types of infrastructure projects. It provides services like the construction of transmission lines and undertakes all kinds of power projects, underground cables, railway tracks, and sidings.

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