Inox Wind Energy (BOM:543297) ROCE % : 11.01% (As of Jun. 2024)

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What is Inox Wind Energy 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. Inox Wind Energy's annualized ROCE % for the quarter that ended in Jun. 2024 was 11.01%.

Inox Wind Energy ROCE % Historical Data

The historical data trend for Inox Wind Energy'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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Inox Wind Energy ROCE % Chart

Inox Wind Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-11.26

-12.11

-16.64

-13.71

3.90

Inox Wind Energy Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															0.49	1.69	10.48	3.79	11.01

Inox Wind Energy ROCE % Calculation

Inox Wind Energy'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 )
	=	1413.517	/	( ( (61411.509 - 27888.615)	+	(68893.848 - 29896.06) )	/ 2 )
	=	1413.517	/	( (33522.894	+	38997.788)	/ 2 )
	=	1413.517	/	36260.341
	=	3.90 %

Inox Wind Energy's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	4293.6	/	( ( (68893.848 - 29896.06)	+	(0 - 0) )	/ 1 )
	=	4293.6	/	( ( 38997.788	+	0 )	/ 1 )
	=	4293.6	/	38997.788
	=	11.01 %

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

Inox Wind Energy (BOM:543297) 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.

Inox Wind Energy ROCE % Related Terms

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Inox Wind Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Energy Ltd (BOM:543297) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IWEL:India

Address

INOX Towers, Plot No. 17, Sector 16A, Noida, UP, IND, 201301

Website

https://www.inoxwind.com

Inox Wind Energy Ltd is engaged in the business of manufacture and sale of Wind Turbine Generators (WTGs). It also provides Erection, Procurement and Commissioning, Operations and Maintenance and Common Infrastructure Facilities services for WTGs and wind farm development services. The area of operations of the company is within India. The company generates revenue from the sale of goods, and services.

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