Empower India (BOM:504351) ROCE % : 4.58% (As of Dec. 2023)

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What is Empower India 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. Empower India's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.58%.

Empower India ROCE % Historical Data

The historical data trend for Empower India'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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Empower India ROCE % Chart

Empower India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.02

-4.43

-2.91

-0.03

0.07

Empower India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.03	0.07	0.55	0.88	4.58

Empower India ROCE % Calculation

Empower India's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	2.054	/	( ( (2968.839 - 41.247)	+	(2983.999 - 55.805) )	/ 2 )
	=	2.054	/	( (2927.592	+	2928.194)	/ 2 )
	=	2.054	/	2927.893
	=	0.07 %

Empower India's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	134.504	/	( ( (3008.153 - 69.577)	+	(0 - 0) )	/ 1 )
	=	134.504	/	( ( 2938.576	+	0 )	/ 1 )
	=	134.504	/	2938.576
	=	4.58 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Empower India (BOM:504351) 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.

Empower India ROCE % Related Terms

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Empower India (BOM:504351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Empower India Ltd (BOM:504351) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

327, D. N. Road, 25/25A, 2nd Floor, Nawab Building, Fort, Mumbai, MH, IND, 400001

Website

https://www.empowerindia.in

Empower India Ltd engaged in Information Technology products and peripherals. It provides its clients with business processes and technology management services. Its product portfolio includes EmpowerBollywood, Empower Biz, and Empower Tradex. EmpowerBollywood aims to bring production houses, performers, service providers and general consumers to a common platform. Empower Biz is a business Intelligence App lets store and share business cards on phone with features that give an experience. Empower Tradex helps to trade or exchange goods or services among themselves. The company generates its revenue mainly from IT products.

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