Adroit Infotech (BOM:532172) ROCE % : -17.03% (As of Sep. 2023)

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What is Adroit Infotech 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. Adroit Infotech's annualized ROCE % for the quarter that ended in Sep. 2023 was -17.03%.

Adroit Infotech ROCE % Historical Data

The historical data trend for Adroit Infotech'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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Adroit Infotech ROCE % Chart

Adroit Infotech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-140.92

2.16

6.80

20.71

11.75

Adroit Infotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															20.16	-32.54	7.47	-17.03	-

Adroit Infotech ROCE % Calculation

Adroit Infotech'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 )
	=	40.549	/	( ( (342.085 - 67.294)	+	(479.244 - 63.915) )	/ 2 )
	=	40.549	/	( (274.791	+	415.329)	/ 2 )
	=	40.549	/	345.06
	=	11.75 %

Adroit Infotech's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-47.256	/	( ( (0 - 0)	+	(341.544 - 64.121) )	/ 1 )
	=	-47.256	/	( ( 0	+	277.423 )	/ 1 )
	=	-47.256	/	277.423
	=	-17.03 %

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

Adroit Infotech (BOM:532172) 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.

Adroit Infotech ROCE % Related Terms

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Adroit Infotech (BOM:532172) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Adroit Infotech Ltd (BOM:532172) » Definitions » ROCE %

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ADROITINFO:India

Address

Road Number 12, Banjara Hills, Plot Number 7A, MLA Colony, Hyderabad, TG, IND, 500034

Website

https://www.adroitinfotech.com

Adroit Infotech Ltd is a Specialist SAP Consulting company. The company services include 4 Hana Enterprise Management; Data Analytics and Mobility; Conventional SAP ECC; Next Generation Products; and Migrations to Hana. It serves the Chemicals; Life Sciences; Engineering, Construction and Operation; Health Care; Automotive; Industrial Machinery and Components; Retail; Food Processing; Agribusiness; Insurance; Textiles, and Mill Products industries.

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