Modis Navnirman (BOM:543539) ROCE % : 15.10% (As of Mar. 2024)

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What is Modis Navnirman 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. Modis Navnirman's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.10%.

Modis Navnirman ROCE % Historical Data

The historical data trend for Modis Navnirman'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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Modis Navnirman ROCE % Chart

Modis Navnirman Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

87.60

19.14

8.37

25.14

13.90

Modis Navnirman Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	33.64	18.29	18.05	15.10

Modis Navnirman ROCE % Calculation

Modis Navnirman'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 )
	=	91.033	/	( ( (594.152 - 196.902)	+	(1126.899 - 214.286) )	/ 2 )
	=	91.033	/	( (397.25	+	912.613)	/ 2 )
	=	91.033	/	654.9315
	=	13.90 %

Modis Navnirman'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	104.128	/	( ( (652.274 - 185.855)	+	(1126.899 - 214.286) )	/ 2 )
	=	104.128	/	( ( 466.419	+	912.613 )	/ 2 )
	=	104.128	/	689.516
	=	15.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Modis Navnirman (BOM:543539) 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.

Modis Navnirman ROCE % Related Terms

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Modis Navnirman (BOM:543539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modis Navnirman Ltd (BOM:543539) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

M G Road, Shop No. 1, Rashmi Heights, Opposite Kamla Nagar, Kandivali (West), Mumbai, MH, IND, 400067

Website

https://www.modisnirman.com

Modis Navnirman Ltd is engaged in the real estate sector. It focuses on the mid-market and affordable housing categories as its target segment within the residential housing market. The company's projects are located in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The company projects are Rashmi Enclave, Badshah Residency, Rashmi Jewel, Rashmi Terrace and others.

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