IRB InvIT Fund (BOM:540526) ROCE % : 5.58% (As of Jun. 2023)

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What is IRB InvIT Fund 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. IRB InvIT Fund's annualized ROCE % for the quarter that ended in Jun. 2023 was 5.58%.

IRB InvIT Fund ROCE % Historical Data

The historical data trend for IRB InvIT Fund'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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IRB InvIT Fund ROCE % Chart

IRB InvIT Fund Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.68

2.70

2.76

4.20

4.90

IRB InvIT Fund Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															4.98	-	-	5.26	5.58

IRB InvIT Fund ROCE % Calculation

IRB InvIT Fund'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 )
	=	5658.97	/	( ( (119576.705 - 8841.98)	+	(125190.212 - 5139.175) )	/ 2 )
	=	5658.97	/	( (110734.725	+	120051.037)	/ 2 )
	=	5658.97	/	115392.881
	=	4.90 %

IRB InvIT Fund's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	6692.852	/	( ( (125190.212 - 5139.175)	+	(0 - 0) )	/ 1 )
	=	6692.852	/	( ( 120051.037	+	0 )	/ 1 )
	=	6692.852	/	120051.037
	=	5.58 %

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

IRB InvIT Fund (BOM:540526) 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.

IRB InvIT Fund ROCE % Related Terms

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IRB InvIT Fund (BOM:540526) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IRB InvIT Fund (BOM:540526) » Definitions » ROCE %

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IRBINVIT:India

Address

IRB Complex, Chandivali Farm, Chandivali Village, Andheri (East), Mumbai, MH, IND, 400 072

Website

https://www.irbinvit.co.in

IRB InvIT Fund is a company engaged in the ownership, operations, and maintaining a portfolio of toll-road assets. The company manages the toll-road assets in the Indian states of Maharashtra, Gujarat, Rajasthan, Karnataka, Tamil Nadu, and Punjab. Some of the projects of the company are Surat - Dahisar NH 8 Project, Tumkur to Chitradurga NH 4 Project, Bharuch - Surat NH 8 Project and many more.

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