Nihar Info Global (BOM:531083) ROCE % : -0.59% (As of Dec. 2023)

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What is Nihar Info Global 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. Nihar Info Global's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.59%.

Nihar Info Global ROCE % Historical Data

The historical data trend for Nihar Info Global'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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Nihar Info Global ROCE % Chart

Nihar Info Global Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.59

4.92

4.77

4.67

2.20

Nihar Info Global 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															-0.83	4.16	-3.85	-2.77	-0.59

Nihar Info Global ROCE % Calculation

Nihar Info Global'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 )
	=	2.729	/	( ( (144.949 - 30.72)	+	(154.591 - 21.029) )	/ 2 )
	=	2.729	/	( (114.229	+	133.562)	/ 2 )
	=	2.729	/	123.8955
	=	2.20 %

Nihar Info Global'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 )
	=	-0.764	/	( ( (161.788 - 31.377)	+	(0 - 0) )	/ 1 )
	=	-0.764	/	( ( 130.411	+	0 )	/ 1 )
	=	-0.764	/	130.411
	=	-0.59 %

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

Nihar Info Global (BOM:531083) 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.

Nihar Info Global ROCE % Related Terms

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Nihar Info Global (BOM:531083) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Nihar Info Global Ltd (BOM:531083) » Definitions » ROCE %

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Address

H.No: 1-98/9/3/32T, Image Garden Road, 2nd Floor, Plot No: 50, Syno-70871, Silicon Valley, Madhapur, Hyderabad, TG, IND, 500 081

Website

http://www.nihar.info

Nihar Info Global Ltd is engaged in e-commerce and software business in India. The company undertakes development and/or trade-in sale, import or exports of computer software and carry out on the business of Research and development, designing, manufacturing, trading, and dealing in all type of computer software and hardware and render consultancy services in the field of software development and turnkey projects and solutions.

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