H.G. Infra Engineering (NSE:HGINFRA) ROCE % : 32.71% (As of Mar. 2024)

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What is H.G. Infra Engineering 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. H.G. Infra Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.71%.

H.G. Infra Engineering ROCE % Historical Data

The historical data trend for H.G. Infra Engineering'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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H.G. Infra Engineering ROCE % Chart

H.G. Infra Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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28.99

26.54

28.37

27.74

26.80

H.G. Infra Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															30.99	32.09	22.57	26.71	32.71

H.G. Infra Engineering ROCE % Calculation

H.G. Infra Engineering'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 )
	=	9567.67	/	( ( (49266.78 - 14592.7)	+	(54343.79 - 17616.24) )	/ 2 )
	=	9567.67	/	( (34674.08	+	36727.55)	/ 2 )
	=	9567.67	/	35700.815
	=	26.80 %

H.G. Infra Engineering'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	12011.8	/	( ( (0 - 0)	+	(54343.79 - 17616.24) )	/ 1 )
	=	12011.8	/	( ( 0	+	36727.55 )	/ 1 )
	=	12011.8	/	36727.55
	=	32.71 %

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

H.G. Infra Engineering (NSE:HGINFRA) 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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H.G. Infra Engineering (NSE:HGINFRA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » H.G. Infra Engineering Ltd (NSE:HGINFRA) » Definitions » ROCE %

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541019:India

Address

A-1, Tilak Marg, C-Scheme, IIIrd Floor, Sheel Mohar Plaza, C-Scheme, Jaipur, RJ, IND, 302 001

Website

https://www.hginfra.com

H.G. Infra Engineering Ltd is engaged in Engineering, Procurement and Construction (EPC), Maintenance of roads, bridges, flyovers and other infrastructure contract works. Geographically, it operates only in India. It has one reportable segment of engineering, procurement and construction contracts (EPC). The company executes civil construction projects, like extension and grading of runways, railways and land development as well as water pipeline projects.

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