IRCON International (NSE:IRCON) ROCE % : 11.10% (As of Sep. 2024)

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What is IRCON International 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. IRCON International's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.10%.

IRCON International ROCE % Historical Data

The historical data trend for IRCON International'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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IRCON International ROCE % Chart

IRCON International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.38

15.99

13.53

15.42

16.25

IRCON International 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															16.32	15.69	19.31	12.79	11.10

IRCON International ROCE % Calculation

IRCON International'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 )
	=	15109.7	/	( ( (155373.8 - 72653.9)	+	(174449.5 - 71229.6) )	/ 2 )
	=	15109.7	/	( (82719.9	+	103219.9)	/ 2 )
	=	15109.7	/	92969.9
	=	16.25 %

IRCON International'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 )
	=	12602	/	( ( (0 - 0)	+	(178725 - 65203.1) )	/ 1 )
	=	12602	/	( ( 0	+	113521.9 )	/ 1 )
	=	12602	/	113521.9
	=	11.10 %

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

IRCON International (NSE:IRCON) 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.

IRCON International ROCE % Related Terms

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IRCON International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IRCON International Ltd (NSE:IRCON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

541956:India

Address

Plot No. C-4, District Centre, Saket, New Delhi, IND, 110017

Website

https://www.ircon.org

IRCON International Ltd is an India based integrated engineering and construction company. It specializes in infrastructure projects including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. It derives the majority of its revenue from the Railways sector. Geographically, it derives a majority of its revenue from India.

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