HRH Next Services (NSE:HRHNEXT) ROCE % : 38.66% (As of Sep. 2023)

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What is HRH Next 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. HRH Next Services's annualized ROCE % for the quarter that ended in Sep. 2023 was 38.66%.

HRH Next Services ROCE % Historical Data

The historical data trend for HRH Next 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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HRH Next Services ROCE % Chart

HRH Next Services Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

10.15

24.61

54.85

HRH Next Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
ROCE %	-	-	-	38.66

HRH Next Services ROCE % Calculation

HRH Next 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 )
	=	57.544	/	( ( (186.485 - 103.778)	+	(288.229 - 161.097) )	/ 2 )
	=	57.544	/	( (82.707	+	127.132)	/ 2 )
	=	57.544	/	104.9195
	=	54.85 %

HRH Next Services'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 )
	=	54.216	/	( ( (288.229 - 161.097)	+	(311.386 - 158.033) )	/ 2 )
	=	54.216	/	( ( 127.132	+	153.353 )	/ 2 )
	=	54.216	/	140.2425
	=	38.66 %

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

HRH Next Services (NSE:HRHNEXT) 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.

HRH Next Services ROCE % Related Terms

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HRH Next Services (NSE:HRHNEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HRH Next Services Ltd (NSE:HRHNEXT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abid Road, C/o G.J. House, 2nd Floor, 4-1-976, Hyderabad, TG, IND, 500001

Website

https://www.hrhnext.com

HRH Next Services Ltd is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and provides efficient end-to-end solutions.

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