Inox Wind (NSE:INOXWIND) ROCE % : 16.39% (As of Sep. 2024)

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What is Inox Wind 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. Inox Wind's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.39%.

Inox Wind ROCE % Historical Data

The historical data trend for Inox Wind'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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Inox Wind ROCE % Chart

Inox Wind Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-11.26

-13.44

-16.83

-14.30

5.13

Inox Wind 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															4.91	9.33	6.21	17.27	16.39

Inox Wind ROCE % Calculation

Inox Wind'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 )
	=	1452.047	/	( ( (60406.89 - 28396.386)	+	(67947.963 - 43358.247) )	/ 2 )
	=	1452.047	/	( (32010.504	+	24589.716)	/ 2 )
	=	1452.047	/	28300.11
	=	5.13 %

Inox Wind'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 )
	=	5523.2	/	( ( (0 - 0)	+	(83582.3 - 49874.9) )	/ 1 )
	=	5523.2	/	( ( 0	+	33707.4 )	/ 1 )
	=	5523.2	/	33707.4
	=	16.39 %

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

Inox Wind (NSE:INOXWIND) 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.

Inox Wind ROCE % Related Terms

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Inox Wind Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Ltd (NSE:INOXWIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

539083:India

Address

Inox Towers, Plot Number 17, Sector 16A, Noida, UP, IND, 201 301

Website

https://www.inoxwind.com

Inox Wind Ltd is engaged in the business of manufacturing Wind Turbine Generators. The group provides related erection, procurement & commissioning (EPC) services, operations & maintenance (O&M), and common infrastructure facility services for WTGs, and development of projects for wind farms. It conducts its business and provides services to various states in India. The company also offers turnkey solutions for the development of wind power projects which include wind studies, energy assessment, land acquisition, site infrastructure development, power evacuation, and others.

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