Garden Reach Shipbuilders & Engineers (NSE:GRSE) ROCE % : 27.05% (As of Sep. 2024)

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What is Garden Reach Shipbuilders & Engineers 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. Garden Reach Shipbuilders & Engineers's annualized ROCE % for the quarter that ended in Sep. 2024 was 27.05%.

Garden Reach Shipbuilders & Engineers ROCE % Historical Data

The historical data trend for Garden Reach Shipbuilders & Engineers'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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Garden Reach Shipbuilders & Engineers ROCE % Chart

Garden Reach Shipbuilders & Engineers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.94

17.52

19.82

21.42

29.57

Garden Reach Shipbuilders & Engineers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															26.10	28.44	34.77	26.66	27.05

Garden Reach Shipbuilders & Engineers ROCE % Calculation

Garden Reach Shipbuilders & Engineers'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 )
	=	4924.101	/	( ( (107759.328 - 92408.574)	+	(102519.091 - 84563.488) )	/ 2 )
	=	4924.101	/	( (15350.754	+	17955.603)	/ 2 )
	=	4924.101	/	16653.1785
	=	29.57 %

Garden Reach Shipbuilders & Engineers's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	5317.784	/	( ( (0 - 0)	+	(100585.769 - 80924.09) )	/ 1 )
	=	5317.784	/	( ( 0	+	19661.679 )	/ 1 )
	=	5317.784	/	19661.679
	=	27.05 %

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

Garden Reach Shipbuilders & Engineers (NSE:GRSE) 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.

Garden Reach Shipbuilders & Engineers ROCE % Related Terms

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Garden Reach Shipbuilders & Engineers Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Garden Reach Shipbuilders & Engineers Ltd (NSE:GRSE) » Definitions » ROCE %

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542011:India

Address

61, Garden Reach Road, GRSE Bhavan, Kolkata, WB, IND, 700 024

Website

http://www.grse.in

Garden Reach Shipbuilders & Engineers Ltd is an India based shipbuilding company. It is mainly engaged in the engineering and engine production activities. The company offers products and services in three verticals including shipbuilding, engineering, and, engine production. Its product portfolio includes deck machinery items, pumps, portable steel bridges, boat davits, anchors, mooring and dock capstans, and engines.

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