Zensar Technologies (BOM:504067) ROCE % : 24.40% (As of Mar. 2024)

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What is Zensar Technologies 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. Zensar Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.40%.

Zensar Technologies ROCE % Historical Data

The historical data trend for Zensar Technologies'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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Zensar Technologies ROCE % Chart

Zensar Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.21

18.10

21.33

15.04

25.41

Zensar Technologies 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															20.58	26.50	26.30	24.92	24.40

Zensar Technologies ROCE % Calculation

Zensar Technologies'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 )
	=	8967	/	( ( (41210 - 8582)	+	(46478 - 8540) )	/ 2 )
	=	8967	/	( (32628	+	37938)	/ 2 )
	=	8967	/	35283
	=	25.41 %

Zensar Technologies'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 )
	=	9256	/	( ( (0 - 0)	+	(46478 - 8540) )	/ 1 )
	=	9256	/	( ( 0	+	37938 )	/ 1 )
	=	9256	/	37938
	=	24.40 %

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

Zensar Technologies (BOM:504067) 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.

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Zensar Technologies (BOM:504067) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Zensar Technologies Ltd (BOM:504067) » Definitions » ROCE %

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ZENSARTECH:India

Address

Plot No. 4, Off Nagar Road, Zensar Knowledge Park, MIDC, Kharadi, Pune, MH, IND, 411 014

Website

https://www.zensar.com

Zensar Technologies Ltd provides a range of information technology services and sells IT-related products. The company segments include Digital and Application Services (DAS) and Digital Foundation Services (DFS). It generates maximum revenue from the DAS segment. The Digital and Application Services (DAS) segment is engaged in Custom Applications Management Services that include Application Development, Maintenance, Support, Modernization and Testing Services across a wide technology spectrum and Industry verticals. The majority of revenue comes from the United States.

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