Sadbhav Engineering (NSE:SADBHAV) ROCE % : 81.72% (As of Sep. 2024)

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What is Sadbhav 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. Sadbhav Engineering's annualized ROCE % for the quarter that ended in Sep. 2024 was 81.72%.

Sadbhav Engineering ROCE % Historical Data

The historical data trend for Sadbhav 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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Sadbhav Engineering ROCE % Chart

Sadbhav Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.67

8.24

3.64

-2.03

-17.53

Sadbhav Engineering 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															-42.79	-12.94	-91.38	32.49	81.72

Sadbhav Engineering ROCE % Calculation

Sadbhav 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 )
	=	-2866.776	/	( ( (97692.032 - 75047.422)	+	(70492.4 - 60427.052) )	/ 2 )
	=	-2866.776	/	( (22644.61	+	10065.348)	/ 2 )
	=	-2866.776	/	16354.979
	=	-17.53 %

Sadbhav Engineering'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 )
	=	6290.948	/	( ( (0 - 0)	+	(67567.964 - 59869.49) )	/ 1 )
	=	6290.948	/	( ( 0	+	7698.474 )	/ 1 )
	=	6290.948	/	7698.474
	=	81.72 %

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

Sadbhav Engineering (NSE:SADBHAV) 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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Sadbhav Engineering Business Description

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532710:India

Address

Sadbhav, Near Havmor Restaurant, Behind Navrangpura Bus Stand, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.sadbhaveng.com

Sadbhav Engineering Ltd is a construction and engineering company. The company is engaged in the business of development of infrastructure facilities in areas of canals, irrigations projects, roads, bridge, mining activities on contract basis, dams which includes civil, electrical and mechanical contractor, designer and engineers, structural contractor, earthwork contractor for repairing, reconstruction, renovation, demolitions and construction of canals, irrigations projects, roads, bridge, dams. It is also engaged in carrying out the construction works as per EPC contract Sadbhav Engineering operates within the Indian domestic market.

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