Zaggle Prepaid Ocean Services (BOM:543985) ROCE % : 16.14% (As of Dec. 2023)

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What is Zaggle Prepaid Ocean Services 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. Zaggle Prepaid Ocean Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.14%.

Zaggle Prepaid Ocean Services ROCE % Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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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Zaggle Prepaid Ocean Services ROCE % Chart

Zaggle Prepaid Ocean Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

361.48

234.66

47.44

Zaggle Prepaid Ocean Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			60.13	65.00	-	15.46	16.14

Zaggle Prepaid Ocean Services ROCE % Calculation

Zaggle Prepaid Ocean Services'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 )
	=	397.71	/	( ( (926.53 - 420.58)	+	(2347.59 - 1176.71) )	/ 2 )
	=	397.71	/	( (505.95	+	1170.88)	/ 2 )
	=	397.71	/	838.415
	=	47.44 %

Zaggle Prepaid Ocean Services'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 )
	=	921.8	/	( ( (6523.66 - 813.64)	+	(0 - 0) )	/ 1 )
	=	921.8	/	( ( 5710.02	+	0 )	/ 1 )
	=	921.8	/	5710.02
	=	16.14 %

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

Zaggle Prepaid Ocean Services (BOM:543985) 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.

Zaggle Prepaid Ocean Services ROCE % Related Terms

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Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » ROCE %

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Traded in Other Exchanges

ZAGGLE:India

Address

Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072

Website

https://www.zaggle.in

Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

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