Indiabulls Enterprises (BOM:543715) ROCE % : -28.39% (As of Mar. 2024)

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What is Indiabulls Enterprises 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. Indiabulls Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was -28.39%.

Indiabulls Enterprises ROCE % Historical Data

The historical data trend for Indiabulls Enterprises'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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Indiabulls Enterprises ROCE % Chart

Indiabulls Enterprises Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

-0.37

2.35

-6.81

Indiabulls Enterprises Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				-12.10	1.98	-2.10	-1.37	-28.39

Indiabulls Enterprises ROCE % Calculation

Indiabulls Enterprises'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 )
	=	-203.9	/	( ( (3619.4 - 369.1)	+	(5259.4 - 2520.4) )	/ 2 )
	=	-203.9	/	( (3250.3	+	2739)	/ 2 )
	=	-203.9	/	2994.65
	=	-6.81 %

Indiabulls Enterprises'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-777.6	/	( ( (0 - 0)	+	(5259.4 - 2520.4) )	/ 1 )
	=	-777.6	/	( ( 0	+	2739 )	/ 1 )
	=	-777.6	/	2739
	=	-28.39 %

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

Indiabulls Enterprises (BOM:543715) 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.

Indiabulls Enterprises ROCE % Related Terms

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Indiabulls Enterprises (BOM:543715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Indiabulls Enterprises Ltd (BOM:543715) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IEL:India

Address

5th floor, Plot No. 108, IT Park, Udyog Vihar, Phase 1, Gurugram, HR, IND, 122016

Website

https://www.indiabullsenterprises.com

Indiabulls Enterprises Ltd is a construction and infrastructure equipment rental company. The company has two reportable segments which is as follows Equipment renting services and Management and maintenance services. The company's rentals include complete operation and maintenance expenses and an experienced operating crew, who work within the norms of safety, environment and quality.

Indiabulls Enterprises (BOM:543715) Headlines

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