Dhanuka Realty (NSE:DRL) ROCE % : 23.42% (As of Mar. 2024)

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What is Dhanuka Realty 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. Dhanuka Realty's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.42%.

Dhanuka Realty ROCE % Historical Data

The historical data trend for Dhanuka Realty'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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Dhanuka Realty ROCE % Chart

Dhanuka Realty Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.80

-11.99

4.80

-0.51

23.42

Dhanuka Realty Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial								-0.80	-11.99	4.80	-0.51	23.42

Dhanuka Realty ROCE % Calculation

Dhanuka Realty'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 )
	=	24.133	/	( ( (221.607 - 115.898)	+	(205.761 - 105.362) )	/ 2 )
	=	24.133	/	( (105.709	+	100.399)	/ 2 )
	=	24.133	/	103.054
	=	23.42 %

Dhanuka Realty'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 )
	=	24.133	/	( ( (221.607 - 115.898)	+	(205.761 - 105.362) )	/ 2 )
	=	24.133	/	( ( 105.709	+	100.399 )	/ 2 )
	=	24.133	/	103.054
	=	23.42 %

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

Dhanuka Realty (NSE:DRL) 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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Dhanuka Realty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Dhanuka Realty Ltd (NSE:DRL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

C-212 & C-213, Gautam Marg, 5th Floor, The Solitaire, Hanuman Nagar, Vaishali Nagar, Jaipur, RJ, IND, 302021

Website

https://www.dhanukarealty.in

Dhanuka Realty Ltd operates as a real estate development and construction company primarily focusing on the development of residential apartments and residential projects in Jaipur. These projects include Symphony at Jaisinghpura Road Ajmer Road, Sunshine Shalimar at Tagore Nagar Vidhyut Nagar, Sunshine Prime at Mansarovar Extension, Sunshine Krishna 1, Sunshine Krishna 2, Sunshine Krishna 3, Sunshine Orchid, Sunshine Vridanavan, etc.

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