DRS Dilip Roadlines (NSE:DRSDILIP) ROCE % : 9.61% (As of Mar. 2023)

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What is DRS Dilip Roadlines 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. DRS Dilip Roadlines's annualized ROCE % for the quarter that ended in Mar. 2023 was 9.61%.

DRS Dilip Roadlines ROCE % Historical Data

The historical data trend for DRS Dilip Roadlines'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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DRS Dilip Roadlines ROCE % Chart

DRS Dilip Roadlines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.23

8.39

13.08

14.87

14.93

DRS Dilip Roadlines Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
ROCE %	Get a 7-Day Free Trial										16.99	9.78	15.73	9.61	-

DRS Dilip Roadlines ROCE % Calculation

DRS Dilip Roadlines'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 )
	=	44.665	/	( ( (661.561 - 360.343)	+	(698.74 - 401.652) )	/ 2 )
	=	44.665	/	( (301.218	+	297.088)	/ 2 )
	=	44.665	/	299.153
	=	14.93 %

DRS Dilip Roadlines's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	43.342	/	( ( (945.986 - 345.151)	+	(661.561 - 360.343) )	/ 2 )
	=	43.342	/	( ( 600.835	+	301.218 )	/ 2 )
	=	43.342	/	451.0265
	=	9.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

DRS Dilip Roadlines (NSE:DRSDILIP) 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.

DRS Dilip Roadlines ROCE % Related Terms

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DRS Dilip Roadlines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DRS Dilip Roadlines Ltd (NSE:DRSDILIP) » Definitions » ROCE %

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Address

61, MG Road, 220 to 224 Kabra Complex, 2nd Floor, Secunderabad, TG, IND, 500 003

Website

https://www.drsindia.in

DRS Dilip Roadlines Ltd is an Indian-based company engaged in the business of providing logistics services including transportation, packing, moving, and warehousing. The company's operating segment includes the Transport Division and Warehouse Division. It generates maximum revenue from the Transport Division segment. Geographically the group operates in India.

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