Omni AX's Software (BOM:532340) ROCE % : 0.62% (As of Dec. 2023)

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What is Omni AX's Software 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. Omni AX's Software's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.62%.

Omni AX's Software ROCE % Historical Data

The historical data trend for Omni AX's Software'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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Omni AX's Software ROCE % Chart

Omni AX's Software Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.67

-1.36

-1.33

-1.43

-1.30

Omni AX's Software 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															-1.08	0.09	-1.14	-2.38	0.62

Omni AX's Software ROCE % Calculation

Omni AX's Software'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 )
	=	-1.545	/	( ( (122.026 - 1.968)	+	(121.97 - 3.457) )	/ 2 )
	=	-1.545	/	( (120.058	+	118.513)	/ 2 )
	=	-1.545	/	119.2855
	=	-1.30 %

Omni AX's Software'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 )
	=	0.724	/	( ( (121.003 - 3.479)	+	(0 - 0) )	/ 1 )
	=	0.724	/	( ( 117.524	+	0 )	/ 1 )
	=	0.724	/	117.524
	=	0.62 %

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

Omni AX's Software (BOM:532340) 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.

Omni AX's Software ROCE % Related Terms

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Omni AX's Software (BOM:532340) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Omni AX's Software Ltd (BOM:532340) » Definitions » ROCE %

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Address

Dr. Ranga Road, New No.32, Old No. 106, 1st Floor, Mylapore, Chennai, TN, IND, 600004

Website

https://www.omniaxs.co.in

Omni AX's Software Ltd is an India based software service provider engaged in the development of computer software. The company provides services to large houses that offer technology and other research and development services globally. It also provides offshore outsourcing, software development outsourcing, custom application development, outsourced product development, e-commerce and wireless/mobile solutions to help businesses succeed.

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