Ganesh Green Bharat (NSE:GGBL) ROCE % : 99.78% (As of Mar. 2024)

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What is Ganesh Green Bharat 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. Ganesh Green Bharat's annualized ROCE % for the quarter that ended in Mar. 2024 was 99.78%.

Ganesh Green Bharat ROCE % Historical Data

The historical data trend for Ganesh Green Bharat'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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Ganesh Green Bharat ROCE % Chart

Ganesh Green Bharat Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

27.07

34.57

49.89

Ganesh Green Bharat Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	54.14	69.15	99.78

Ganesh Green Bharat ROCE % Calculation

Ganesh Green Bharat'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 )
	=	330.45	/	( ( (878.605 - 427.856)	+	(1502.982 - 629.039) )	/ 2 )
	=	330.45	/	( (450.749	+	873.943)	/ 2 )
	=	330.45	/	662.346
	=	49.89 %

Ganesh Green Bharat'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 )
	=	660.9	/	( ( (878.605 - 427.856)	+	(1502.982 - 629.039) )	/ 2 )
	=	660.9	/	( ( 450.749	+	873.943 )	/ 2 )
	=	660.9	/	662.346
	=	99.78 %

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

Ganesh Green Bharat (NSE:GGBL) 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.

Ganesh Green Bharat ROCE % Related Terms

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Ganesh Green Bharat Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ganesh Green Bharat Ltd (NSE:GGBL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

S.G. Highway, G-201 & F-202, S.G. Business Hub, Near Gota Flyover, Gota, Ahmedabad, GJ, IND, 382470

Website

https://www.ganeshgreen.com

Ganesh Green Bharat Ltd are providing comprehensive portfolios in the field of supply, installation, testing and commissioning (SITC) of solar and electrical goods and services to various government bodies. It has projects under various schemes of Central and State Government like - Saubhagya Scheme, KUSUM Scheme, Saur Sujla Yojna. The company also forayed into the business of designing, construction, installation and operation and maintenance of Water Supply Scheme Projects like the Mukhya Mantri Nishchay Quality Affected Yojna, Har Ghar Jal (Jal Jeevan Mission) etc.