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Garuda Construction and Engineering (BOM:544271) ROCE % : 46.97% (As of Mar. 2024)


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What is Garuda Construction and Engineering 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. Garuda Construction and Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 46.97%.

Garuda Construction and Engineering ROCE % Historical Data

The historical data trend for Garuda Construction and Engineering'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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Garuda Construction and Engineering ROCE % Chart

Garuda Construction and Engineering Annual Data
Trend Mar22 Mar23 Mar24
ROCE %
52.07 77.21 46.97

Garuda Construction and Engineering Semi-Annual Data
Mar22 Mar23 Mar24
ROCE % 52.07 77.21 46.97

Garuda Construction and Engineering ROCE % Calculation

Garuda Construction and Engineering'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 )
=496.624/( ( (1763.496 - 840.729) + (2284.853 - 1092.944) )/ 2 )
=496.624/( (922.767+1191.909)/ 2 )
=496.624/1057.338
=46.97 %

Garuda Construction and Engineering'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: Mar. 2023 )(Q: Mar. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2024 )  (Q: Mar. 2023 )(Q: Mar. 2024 )
=496.624/( ( (1763.496 - 840.729) + (2284.853 - 1092.944) )/ 2 )
=496.624/( ( 922.767 + 1191.909 )/ 2 )
=496.624/1057.338
=46.97 %

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

* 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.

Garuda Construction and Engineering  (BOM:544271) 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.

Garuda Construction and Engineering ROCE % Related Terms

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Garuda Construction and Engineering Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Garuda Construction and Engineering Ltd (BOM:544271) » Definitions » ROCE %
Comparable Companies
Traded in Other Exchanges
GARUDA:India
Address
C -3 Block, 201, A Wing, Fortune 2000, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400 051
Website
https://www.garudaconstructionengineering.com
Garuda Construction and Engineering Ltd is a civil construction company. It provides end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects and additional services for infrastructure and also hospitality projects, Wherein, civil construction includes the construction of residential, hospitality, industrial, infrastructural and commercial buildings, construction of concrete building structures and composite steel structures which are required for the civil construction. Its end-to-end civil construction starts with a detailed route survey, designing, detailed engineering, mobilization of resources, micro scheduling of construction activities, obtaining construction permissions and conducting soil/water testing.

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