IB Infotech Enterprises (BOM:519463) ROCE % : 41.98% (As of Dec. 2023)

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What is IB Infotech Enterprises 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. IB Infotech Enterprises's annualized ROCE % for the quarter that ended in Dec. 2023 was 41.98%.

IB Infotech Enterprises ROCE % Historical Data

The historical data trend for IB Infotech Enterprises'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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IB Infotech Enterprises ROCE % Chart

IB Infotech Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-10.10

-14.35

-15.17

-19.64

104.40

IB Infotech Enterprises Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															121.53	471.43	64.63	47.35	41.98

IB Infotech Enterprises ROCE % Calculation

IB Infotech Enterprises'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 )
	=	8.105	/	( ( (4.271 - 0.193)	+	(13.024 - 1.575) )	/ 2 )
	=	8.105	/	( (4.078	+	11.449)	/ 2 )
	=	8.105	/	7.7635
	=	104.40 %

IB Infotech Enterprises'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 )
	=	6.428	/	( ( (20.752 - 5.441)	+	(0 - 0) )	/ 1 )
	=	6.428	/	( ( 15.311	+	0 )	/ 1 )
	=	6.428	/	15.311
	=	41.98 %

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

IB Infotech Enterprises (BOM:519463) 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.

IB Infotech Enterprises ROCE % Related Terms

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IB Infotech Enterprises (BOM:519463) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IB Infotech Enterprises Ltd (BOM:519463) » Definitions » ROCE %

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Address

428, Kailash Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai, MH, IND, 400075

Website

http://www.ibinfotech.net.in

IB Infotech Enterprises Ltd is engaged in the manufacture, promotion, development, implemention, trading or deal in all types of information technology related services, Electronics, Wireless application products, Telecommunications, Media, and Advertising. It also involved in Internet technology, IT-enabled services, and Data encryption. The company has operations located in India.

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