ITCONS E-Solutions (BOM:543806) ROCE % : 16.63% (As of Sep. 2023)

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What is ITCONS E-Solutions 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. ITCONS E-Solutions's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.63%.

ITCONS E-Solutions ROCE % Historical Data

The historical data trend for ITCONS E-Solutions'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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ITCONS E-Solutions ROCE % Chart

ITCONS E-Solutions Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

34.70

18.23

91.01

32.18

ITCONS E-Solutions Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	130.90	-0.64	16.63

ITCONS E-Solutions ROCE % Calculation

ITCONS E-Solutions'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 )
	=	24.136	/	( ( (46.576 - 18.225)	+	(144.517 - 22.854) )	/ 2 )
	=	24.136	/	( (28.351	+	121.663)	/ 2 )
	=	24.136	/	75.007
	=	32.18 %

ITCONS E-Solutions'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	20.874	/	( ( (144.517 - 22.854)	+	(155.549 - 26.201) )	/ 2 )
	=	20.874	/	( ( 121.663	+	129.348 )	/ 2 )
	=	20.874	/	125.5055
	=	16.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

ITCONS E-Solutions (BOM:543806) 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.

ITCONS E-Solutions ROCE % Related Terms

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ITCONS E-Solutions (BOM:543806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ITCONS E-Solutions Ltd (BOM:543806) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jamna Lal Bajaj Marg, 3rd Floor, B-10, Bajaj Bhawan, Sector-3, Noida, UP, IND, 201301

Website

https://www.itconsinc.com

ITCONS E-Solutions Ltd is engaged in the business of providing human resource services to both public and private organizations mostly in the organized sector in diverse roles and responsibilities. The company's services include Manpower Supply & Recruitment Services; and Manpower Sourcing & Staffing Services. The Manpower Supply Services account for a majority of its revenues, and Manpower Souring Services contribute to the rest of its revenues.

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