Micropro Software Solutions (NSE:MICROPRO) ROCE % : 53.77% (As of Mar. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Micropro Software 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. Micropro Software Solutions's annualized ROCE % for the quarter that ended in Mar. 2023 was 53.77%.

Micropro Software Solutions ROCE % Historical Data

The historical data trend for Micropro Software 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.

* Premium members only.

Micropro Software Solutions ROCE % Chart

Micropro Software Solutions Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

22.03

34.74

53.77

Micropro Software Solutions Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	22.03	34.74	53.77

Micropro Software Solutions ROCE % Calculation

Micropro Software 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 )
	=	85.165	/	( ( (204.858 - 70.581)	+	(255.957 - 73.471) )	/ 2 )
	=	85.165	/	( (134.277	+	182.486)	/ 2 )
	=	85.165	/	158.3815
	=	53.77 %

Micropro Software Solutions's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	85.165	/	( ( (204.858 - 70.581)	+	(255.957 - 73.471) )	/ 2 )
	=	85.165	/	( ( 134.277	+	182.486 )	/ 2 )
	=	85.165	/	158.3815
	=	53.77 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Micropro Software Solutions (NSE:MICROPRO) 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.

Micropro Software Solutions ROCE % Related Terms

Thank you for viewing the detailed overview of Micropro Software Solutions's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Micropro Software Solutions (NSE:MICROPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micropro Software Solutions Ltd (NSE:MICROPRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gayatri Nagar Road, Plot NO. 28, 102 Wing A, 7th Floor, VIPL IT Park Building, Nagpur, MH, IND, 440022

Website

https://www.microproindia.com

Micropro Software Solutions Ltd is engaged in the business of providing software development, maintenance services as well as trading of hardware and software products. The company provides consulting along with technical services and IT solutions to its clients across different industries. The services offered by the company include IT Infrastructure Management, Manpower Services, Network and Security Services among others. It also offers software products such as HospyCare, OpenSys-Logix, OpenSys MicroBooks and others.

Micropro Software Solutions (NSE:MICROPRO) Headlines

No Headlines