Dev Information Technology (NSE:DEVIT) ROCE % : 38.71% (As of Mar. 2024)

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What is Dev Information Technology 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. Dev Information Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 38.71%.

Dev Information Technology ROCE % Historical Data

The historical data trend for Dev Information Technology'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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Dev Information Technology ROCE % Chart

Dev Information Technology Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.04

2.62

7.77

31.79

25.30

Dev Information Technology Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															41.16	26.52	18.80	19.06	38.71

Dev Information Technology ROCE % Calculation

Dev Information Technology'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 )
	=	139.113	/	( ( (677.405 - 222.379)	+	(954.858 - 310.141) )	/ 2 )
	=	139.113	/	( (455.026	+	644.717)	/ 2 )
	=	139.113	/	549.8715
	=	25.30 %

Dev Information Technology'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 )
	=	249.56	/	( ( (0 - 0)	+	(954.858 - 310.141) )	/ 1 )
	=	249.56	/	( ( 0	+	644.717 )	/ 1 )
	=	249.56	/	644.717
	=	38.71 %

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

Dev Information Technology (NSE:DEVIT) 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.

Dev Information Technology ROCE % Related Terms

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Dev Information Technology (NSE:DEVIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dev Information Technology Ltd (NSE:DEVIT) » Definitions » ROCE %

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543462:India

Address

Thaltej - Shilaj Road, 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.devitpl.com

Dev Information Technology Ltd is engaged in providing information technology solutions and consultancy services in India. It offers advisory, architecture, implementation, and support services. The company provides various services namely enterprise applications and mobility, infrastructure management, cloud computing, digital services, and licensing among others. It operates in a single segment being IT and IT enabled services.

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