G R Infraprojects (BOM:543317) ROCE % : 14.93% (As of Dec. 2023)

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What is G R Infraprojects 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. G R Infraprojects's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.93%.

G R Infraprojects ROCE % Historical Data

The historical data trend for G R Infraprojects'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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G R Infraprojects ROCE % Chart

G R Infraprojects Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

30.04

29.37

24.38

17.56

22.72

G R Infraprojects Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											20.80	22.21	19.66	13.68	14.93

G R Infraprojects ROCE % Calculation

G R Infraprojects'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 )
	=	23953.46	/	( ( (116725.948 - 21580.466)	+	(137855.633 - 22186.184) )	/ 2 )
	=	23953.46	/	( (95145.482	+	115669.449)	/ 2 )
	=	23953.46	/	105407.4655
	=	22.72 %

G R Infraprojects'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 )
	=	18847.12	/	( ( (149044.507 - 22817.589)	+	(0 - 0) )	/ 1 )
	=	18847.12	/	( ( 126226.918	+	0 )	/ 1 )
	=	18847.12	/	126226.918
	=	14.93 %

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

G R Infraprojects (BOM:543317) 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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G R Infraprojects (BOM:543317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » G R Infraprojects Ltd (BOM:543317) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GRINFRA:India

Address

GR House, Hiran Magri, Sector 11, Udaipur, RJ, IND, 313 002

Website

https://www.grinfra.com

G R Infraprojects Ltd is an integrated road engineering, procurement and construction (EPC) company. The segment divided into three categories namely Engineering Procurement and Construction which includes Construction of road and other infra facilities. Build, Operate and Transfer (BOT)/Annuity Projects in which Construction, operation and maintenance of road under concession agreement. and other include Sale of products, job work charges and other miscellaneous income.

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