Roadzen (Roadzen) ROCE % : -5,770.54% (As of Dec. 2023)

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What is Roadzen 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. Roadzen's annualized ROCE % for the quarter that ended in Dec. 2023 was -5,770.54%.

Roadzen ROCE % Historical Data

The historical data trend for Roadzen'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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Roadzen ROCE % Chart

Roadzen Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-253.12

-115.38

-311.09

Roadzen Quarterly Data
	Mar21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-287.98	111.68	-2,959.52	-11,113.62	-5,770.54

Roadzen ROCE % Calculation

Roadzen'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 )
	=	-13.467	/	( ( (15.874 - 5.715)	+	(15.181 - 16.682) )	/ 2 )
	=	-13.467	/	( (10.159	+	-1.501)	/ 2 )
	=	-13.467	/	4.329
	=	-311.09 %

Roadzen'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 )
	=	-120.056	/	( ( (65.683 - 61.987)	+	(66.635 - 66.17) )	/ 2 )
	=	-120.056	/	( ( 3.696	+	0.465 )	/ 2 )
	=	-120.056	/	2.0805
	=	-5,770.54 %

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

Roadzen (NAS:RDZN) 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.

Roadzen ROCE % Related Terms

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Roadzen (Roadzen) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Roadzen Inc (NAS:RDZN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Cogency Global Inc, 850 New Burton Road, Suite 201, Dover, DE, USA, 19904

Website

https://www.roadzen.io

Roadzen Inc is an insurance technology company on a mission to transform global auto insurance powered by advanced AI. Its clients comprise major insurers, fleets, and carmakers to small fleets, brokers, and insurance agents that use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's work in telematics and computer vision has earned recognition as an AI innovator by publications such as Forbes, Fortune, and Financial Express.

Roadzen (Roadzen) Headlines

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