Rail Vikas Nigam (NSE:RVNL) ROCE % : 15.40% (As of Sep. 2024)

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What is Rail Vikas Nigam 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. Rail Vikas Nigam's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.40%.

Rail Vikas Nigam ROCE % Historical Data

The historical data trend for Rail Vikas Nigam'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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Rail Vikas Nigam ROCE % Chart

Rail Vikas Nigam Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.20

15.55

16.16

17.13

18.13

Rail Vikas Nigam 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															17.49	17.19	20.63	11.68	15.40

Rail Vikas Nigam ROCE % Calculation

Rail Vikas Nigam'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 )
	=	26224	/	( ( (183437.9 - 44425)	+	(196119.9 - 45793.2) )	/ 2 )
	=	26224	/	( (139012.9	+	150326.7)	/ 2 )
	=	26224	/	144669.8
	=	18.13 %

Rail Vikas Nigam'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 )
	=	21196.8	/	( ( (0 - 0)	+	(204097.2 - 66469.7) )	/ 1 )
	=	21196.8	/	( ( 0	+	137627.5 )	/ 1 )
	=	21196.8	/	137627.5
	=	15.40 %

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

Rail Vikas Nigam (NSE:RVNL) 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.

Rail Vikas Nigam ROCE % Related Terms

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Rail Vikas Nigam Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Rail Vikas Nigam Ltd (NSE:RVNL) » Definitions » ROCE %

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542649:India

Address

August Kranti Bhawan, Block B, Plot No. 25, 1st Floor, Bhikaji Cama Place, R.K. Puram, New Delhi, IND, 110066

Website

https://www.rvnl.org

Rail Vikas Nigam Ltd is an Indian-based company, engaged in the business of implementing various types of Rail infrastructure projects. It executes projects such as new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, bridges, construction of cable-stayed bridges, institution buildings, and others. The company has only one reportable segment namely, Development of Railway Infrastructure.

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