Accel (BOM:517494) ROCE % : 10.10% (As of Mar. 2024)

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What is Accel 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. Accel's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.10%.

Accel ROCE % Historical Data

The historical data trend for Accel'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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Accel ROCE % Chart

Accel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-7.21

1.84

6.28

11.25

9.64

Accel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.17	9.46	7.79	11.53	10.10

Accel ROCE % Calculation

Accel's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	116.504	/	( ( (1825.444 - 644.573)	+	(1882.615 - 646.691) )	/ 2 )
	=	116.504	/	( (1180.871	+	1235.924)	/ 2 )
	=	116.504	/	1208.3975
	=	9.64 %

Accel's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	124.796	/	( ( (0 - 0)	+	(1882.615 - 646.691) )	/ 1 )
	=	124.796	/	( ( 0	+	1235.924 )	/ 1 )
	=	124.796	/	1235.924
	=	10.10 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Accel (BOM:517494) 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.

Accel ROCE % Related Terms

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Accel (BOM:517494) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Accel Ltd (BOM:517494) » Definitions » ROCE %

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N/A

Address

No.178, Valluvarkottam High Road, SFI Complex, 3rd Floor, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.accel-india.com

Accel Ltd is an India-based company engaged in the business of providing post-sales support including warranty and post-warranty services to various brands in the IT, Mobility, and Medical products segments. The group's operating business segments include IT Services, Animation, Engineering, Real Estate, and Academic business. It generates maximum revenue from the Information Technology Services segment. The group's IT services include IT Infrastructure Management, Warranty fulfillment services, Managed Print Services, and Cyber security services. It generates its revenue from India.

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