Quest Softech (India) (BOM:535719) ROCE % : -3.07% (As of Mar. 2024)

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What is Quest Softech (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. Quest Softech (India)'s annualized ROCE % for the quarter that ended in Mar. 2024 was -3.07%.

Quest Softech (India) ROCE % Historical Data

The historical data trend for Quest Softech (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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Quest Softech (India) ROCE % Chart

Quest Softech (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-0.89

-7.68

119.63

-5.91

-13.31

Quest Softech (India) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-13.69	-15.11	-28.74	-22.51	-3.07

Quest Softech (India) ROCE % Calculation

Quest Softech (India)'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 )
	=	-16.578	/	( ( (78.874 - 2.738)	+	(185.848 - 12.914) )	/ 2 )
	=	-16.578	/	( (76.136	+	172.934)	/ 2 )
	=	-16.578	/	124.535
	=	-13.31 %

Quest Softech (India)'s ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-5.316	/	( ( (0 - 0)	+	(185.848 - 12.914) )	/ 1 )
	=	-5.316	/	( ( 0	+	172.934 )	/ 1 )
	=	-5.316	/	172.934
	=	-3.07 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Quest Softech (India) (BOM:535719) 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.

Quest Softech (India) ROCE % Related Terms

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Quest Softech (India) (BOM:535719) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Quest Softech (India) Ltd (BOM:535719) » Definitions » ROCE %

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890194:India

Address

Cabin No. 11, 7th Floor, Times Square, Andheri Workflo, Next to Sai Service, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.questsoftech.co.in

Quest Softech (India) Ltd is engaged in the business of Software and Hardware Consultancy services related to the preparation and maintenance of accounting, statistical, scientific or mathematical information and reports in India. The company provides data processing, systems integration services, project management, development, and execution. The Company operates in Electric vehicle charger sales and services and allied services which is the only reportable segment.

Quest Softech (India) (BOM:535719) Headlines

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