Eldeco Housing and Industries (NSE:ELDEHSG) ROCE % : 10.15% (As of Jun. 2024)

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What is Eldeco Housing and Industries 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. Eldeco Housing and Industries's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.15%.

Eldeco Housing and Industries ROCE % Historical Data

The historical data trend for Eldeco Housing and Industries'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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Eldeco Housing and Industries ROCE % Chart

Eldeco Housing and Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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26.58

30.02

23.52

18.31

11.84

Eldeco Housing and Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															11.84	7.96	10.79	14.45	10.15

Eldeco Housing and Industries ROCE % Calculation

Eldeco Housing and Industries'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 )
	=	476.784	/	( ( (5563.552 - 2076.981)	+	(6922.77 - 2358.869) )	/ 2 )
	=	476.784	/	( (3486.571	+	4563.901)	/ 2 )
	=	476.784	/	4025.236
	=	11.84 %

Eldeco Housing and Industries's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	463.012	/	( ( (6922.77 - 2358.869)	+	(0 - 0) )	/ 1 )
	=	463.012	/	( ( 4563.901	+	0 )	/ 1 )
	=	463.012	/	4563.901
	=	10.15 %

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

Eldeco Housing and Industries (NSE:ELDEHSG) 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.

Eldeco Housing and Industries ROCE % Related Terms

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Eldeco Housing and Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eldeco Housing and Industries Ltd (NSE:ELDEHSG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

523329:India

Address

201-212, 2nd Floor, Splendor Forum, Jasola District Centre, New Delhi, IND, 110 025

Website

https://www.eldecogroup.com

Eldeco Housing and Industries Ltd provides real estate infrastructure services. The company's core business activities are categorized into a key segment, Real Estate which promotes, constructs, develops, and sells townships, residential, commercial property, and developed plots. Geographically the company generates the majority of its revenue within India.

Eldeco Housing and Industries Headlines

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