GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teerth Gopicon Ltd (NSE:TGL) » Definitions » ROCE %

Teerth Gopicon (NSE:TGL) ROCE % : 51.86% (As of Sep. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Teerth Gopicon 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. Teerth Gopicon's annualized ROCE % for the quarter that ended in Sep. 2024 was 51.86%.


Teerth Gopicon ROCE % Historical Data

The historical data trend for Teerth Gopicon'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.

* Premium members only.

Teerth Gopicon ROCE % Chart

Teerth Gopicon Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROCE %
4.40 1.82 15.70 87.32

Teerth Gopicon Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
ROCE % Get a 7-Day Free Trial - - 74.13 113.49 51.86

Teerth Gopicon ROCE % Calculation

Teerth Gopicon'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 )
=168.882/( ( (472.2 - 352.5) + (1362.3 - 1095.2) )/ 2 )
=168.882/( (119.7+267.1)/ 2 )
=168.882/193.4
=87.32 %

Teerth Gopicon'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: Mar. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=278.6/( ( (1362.3 - 1095.2) + (1749.2 - 941.8) )/ 2 )
=278.6/( ( 267.1 + 807.4 )/ 2 )
=278.6/537.25
=51.86 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

* 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.


Teerth Gopicon  (NSE:TGL) 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.


Teerth Gopicon ROCE % Related Terms

Thank you for viewing the detailed overview of Teerth Gopicon's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Teerth Gopicon Business Description

Traded in Other Exchanges
N/A
Address
204 Amar Metro, Near BalniketanSangh Pagnis Paga, Pagnispaga, Indore, MP, IND, 452007
Teerth Gopicon Ltd is engaged in engineering construction and development, mainly focusing on roads, sewerage, and water distribution projects in Madhya Pradesh. The company provides civil engineering projects such as building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, reuse network, overhead tanks, GSR, Road work, Rejuvenation of Lake, etc. Its projects are MVS Sanaudha Saga, Ladies Hostel Karai, DB Project MP, and others.