Ravindra Energy (NSE:RELTD) ROCE % : 10.43% (As of Dec. 2024)

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What is Ravindra Energy 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. Ravindra Energy's annualized ROCE % for the quarter that ended in Dec. 2024 was 10.43%.

Ravindra Energy ROCE % Historical Data

The historical data trend for Ravindra Energy'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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Ravindra Energy ROCE % Chart

Ravindra Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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46.47

11.80

16.03

11.05

-9.59

Ravindra Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															6.05	-75.16	15.77	3.82	10.43

Ravindra Energy ROCE % Calculation

Ravindra Energy'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 )
	=	-303.54	/	( ( (4553.91 - 1350.14)	+	(4041.75 - 917.89) )	/ 2 )
	=	-303.54	/	( (3203.77	+	3123.86)	/ 2 )
	=	-303.54	/	3163.815
	=	-9.59 %

Ravindra Energy's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	278.76	/	( ( (3321.03 - 647.94)	+	(0 - 0) )	/ 1 )
	=	278.76	/	( ( 2673.09	+	0 )	/ 1 )
	=	278.76	/	2673.09
	=	10.43 %

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

Ravindra Energy (NSE:RELTD) 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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Ravindra Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ravindra Energy Ltd (NSE:RELTD) » Definitions » ROCE %

Traded in Other Exchanges

504341:India

Address

Havelock Road, BC 105, Camp, Belagavi, KA, IND, 590001

Website

https://www.ravindraenergy.com

Ravindra Energy Ltd is a holding company. The company is principally engaged in selling solar pumps, setting up the solar generation power plant, and generation and sale of power. It generates a majority of its revenue from the Solar business.

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