Max Estates (BOM:544008) ROCE % : 1.29% (As of Mar. 2024)

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What is Max Estates 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. Max Estates's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.29%.

Max Estates ROCE % Historical Data

The historical data trend for Max Estates'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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Max Estates ROCE % Chart

Max Estates Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

-1.08

-0.22

2.99

2.65

-1.09

Max Estates Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						1.77	-7.20	0.25	0.92	1.29

Max Estates ROCE % Calculation

Max Estates'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 )
	=	-247.542	/	( ( (22271.889 - 1297.249)	+	(31013.988 - 6425.286) )	/ 2 )
	=	-247.542	/	( (20974.64	+	24588.702)	/ 2 )
	=	-247.542	/	22781.671
	=	-1.09 %

Max Estates'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 )
	=	316.228	/	( ( (0 - 0)	+	(31013.988 - 6425.286) )	/ 1 )
	=	316.228	/	( ( 0	+	24588.702 )	/ 1 )
	=	316.228	/	24588.702
	=	1.29 %

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

Max Estates (BOM:544008) 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.

Max Estates ROCE % Related Terms

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Max Estates (BOM:544008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Max Estates Ltd (BOM:544008) » Definitions » ROCE %

Traded in Other Exchanges

MAXESTATES:India

Address

Plot No C 001/A, Sector 16B, Max Towers L 15, Noida, UP, IND, 201301

Website

https://www.maxestates.in

Max Estates Ltd is engaged in the business of real estate development. The company has paid close attention to creating a confluence of spaces that enable collaboration, innovation and community, that are not just functional and aesthetically pleasing, but environmentally sustainable, and designed to promote the holistic wellness of its users. The company involves Residential and Commercial Projects.

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