Indian Renewable Energy Development Agency (BOM:544026) ROCE % : 12.85% (As of Mar. 2024)

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What is Indian Renewable Energy Development Agency 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. Indian Renewable Energy Development Agency's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.85%.

Indian Renewable Energy Development Agency ROCE % Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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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Indian Renewable Energy Development Agency ROCE % Chart

Indian Renewable Energy Development Agency Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

5.19

5.68

5.60

6.03

Indian Renewable Energy Development Agency Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial				11.44	7.03	6.18	4.25	12.85

Indian Renewable Energy Development Agency ROCE % Calculation

Indian Renewable Energy Development Agency'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 )
	=	28209.58	/	( ( (504470.009 - 96764.86)	+	(626004.191 - 98053.306) )	/ 2 )
	=	28209.58	/	( (407705.149	+	527950.885)	/ 2 )
	=	28209.58	/	467828.017
	=	6.03 %

Indian Renewable Energy Development Agency'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 )
	=	67858.056	/	( ( (0 - 0)	+	(626004.191 - 98053.306) )	/ 1 )
	=	67858.056	/	( ( 0	+	527950.885 )	/ 1 )
	=	67858.056	/	527950.885
	=	12.85 %

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

Indian Renewable Energy Development Agency (BOM:544026) 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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Indian Renewable Energy Development Agency (BOM:544026) Business Description

Industry

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IREDA:India

Address

August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066

Website

https://www.ireda.in

Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

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