G Tec Jainx Education (NSE:GTECJAINX) ROCE % : 7.59% (As of Sep. 2023)

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What is G Tec Jainx Education 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. G Tec Jainx Education's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.59%.

G Tec Jainx Education ROCE % Historical Data

The historical data trend for G Tec Jainx Education'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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G Tec Jainx Education ROCE % Chart

G Tec Jainx Education Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.41

4.30

-36.71

-69.99

29.24

G Tec Jainx Education Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															100.09	-9.46	1.31	32.51	7.59

G Tec Jainx Education ROCE % Calculation

G Tec Jainx Education'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 )
	=	13.088	/	( ( (50.383 - 12.131)	+	(62.613 - 11.334) )	/ 2 )
	=	13.088	/	( (38.252	+	51.279)	/ 2 )
	=	13.088	/	44.7655
	=	29.24 %

G Tec Jainx Education'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 )
	=	4.108	/	( ( (62.613 - 11.334)	+	(70.304 - 13.386) )	/ 2 )
	=	4.108	/	( ( 51.279	+	56.918 )	/ 2 )
	=	4.108	/	54.0985
	=	7.59 %

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

G Tec Jainx Education (NSE:GTECJAINX) 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.

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G Tec Jainx Education (NSE:GTECJAINX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » G Tec Jainx Education Ltd (NSE:GTECJAINX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pinnacle Corporate Park, Bandra Kurla Complex, Unit No. 12/A, Ninth Floor, A?Wing, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.keerti.org

G Tec Jainx Education Ltd Formerly Keerti Knowledge and Skills Ltd operates as an Information Technology training institute. The company's services include basic computer knowledge, internet, surfing, computer courses like Microsoft Office, accounting and financial management, inventory management, also various Programming Languages such as C++, .Net, Java, and Oracle, among others.

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