Shantidoot Infra Services (BOM:543598) ROCE % : 42.98% (As of Mar. 2024)

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What is Shantidoot Infra Services 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. Shantidoot Infra Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 42.98%.

Shantidoot Infra Services ROCE % Historical Data

The historical data trend for Shantidoot Infra Services'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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Shantidoot Infra Services ROCE % Chart

Shantidoot Infra Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

13.90

19.25

128.40

38.44

32.93

Shantidoot Infra Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	25.51	41.20	21.98	42.98

Shantidoot Infra Services ROCE % Calculation

Shantidoot Infra Services'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 )
	=	16.933	/	( ( (60.771 - 13.902)	+	(72.918 - 16.932) )	/ 2 )
	=	16.933	/	( (46.869	+	55.986)	/ 2 )
	=	16.933	/	51.4275
	=	32.93 %

Shantidoot Infra Services'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 )
	=	23.07	/	( ( (69.674 - 18.306)	+	(72.918 - 16.932) )	/ 2 )
	=	23.07	/	( ( 51.368	+	55.986 )	/ 2 )
	=	23.07	/	53.677
	=	42.98 %

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

Shantidoot Infra Services (BOM:543598) 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.

Shantidoot Infra Services ROCE % Related Terms

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Shantidoot Infra Services (BOM:543598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shantidoot Infra Services Ltd (BOM:543598) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Patliputra Colony, House No. 221, 2nd floor, Patna, BR, IND, 800013

Website

https://www.shantidootinfra.com

Shantidoot Infra Services Ltd is a specialized provider of construction services to the education, healthcare and hospitality sectors. Apart from undertaking new projects the company also carry out projects of re-designing, re-modeling and renovating institutions as per the need of clients. It categorize projects mainly into two segments namely Government sector and Private sector. It is also focused primarily on construction and development of residential and commercial projects, in and around Bihar. The company secure private sector contracts, in general, through one-to-one negotiation and Government contracts through bids as per the public notice issued by government departments.

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