Coforge (BOM:532541) ROCE % : 28.20% (As of Mar. 2024)

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What is Coforge 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. Coforge's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.20%.

Coforge ROCE % Historical Data

The historical data trend for Coforge'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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Coforge ROCE % Chart

Coforge Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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24.78

22.87

28.66

26.73

27.48

Coforge 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															18.05	24.98	25.65	30.96	28.20

Coforge ROCE % Calculation

Coforge'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 )
	=	11705	/	( ( (56834 - 17393)	+	(61077 - 15315) )	/ 2 )
	=	11705	/	( (39441	+	45762)	/ 2 )
	=	11705	/	42601.5
	=	27.48 %

Coforge'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 )
	=	12904	/	( ( (0 - 0)	+	(61077 - 15315) )	/ 1 )
	=	12904	/	( ( 0	+	45762 )	/ 1 )
	=	12904	/	45762
	=	28.20 %

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

Coforge (BOM:532541) 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.

Coforge ROCE % Related Terms

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Coforge (BOM:532541) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Coforge Ltd (BOM:532541) » Definitions » ROCE %

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COFORGE:India

Address

Guru Ravi Das Marg, 8, Balaji Estate, Third Floor, Kalkaji, New Delhi, IND, 110 019

Website

https://www.coforge.com

Coforge Ltd provides a variety of information technology, or IT, services. The firm's services include infrastructure management, business process, application and network testing, systems integration IP asset-based solutions, and digital services. The company's customers typically operate in the travel and transportation, banking and financial services, insurance, manufacturing, and media industries. The geographical segments of the company include Americas and Canada, Europe, Middle East and Africa, and Asia Pacific.

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