Elnet Technologies (BOM:517477) ROCE % : 0.00% (As of Dec. 2023)

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What is Elnet 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. Elnet Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Elnet Technologies ROCE % Historical Data

The historical data trend for Elnet 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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Elnet Technologies ROCE % Chart

Elnet Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.76

17.04

16.77

15.77

15.72

Elnet Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															16.10	16.75	14.06	16.76	-

Elnet Technologies ROCE % Calculation

Elnet Technologies'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 )
	=	193.174	/	( ( (1281.841 - 141.11)	+	(1439.28 - 122.876) )	/ 2 )
	=	193.174	/	( (1140.731	+	1316.404)	/ 2 )
	=	193.174	/	1228.5675
	=	15.72 %

Elnet Technologies'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	259.22	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	259.22	/	( ( 0	+	0 )	/ 1 )
	=	259.22	/	0
	=	0 %

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

Elnet Technologies (BOM:517477) 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.

Elnet Technologies ROCE % Related Terms

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Elnet Technologies (BOM:517477) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Elnet Technologies Ltd (BOM:517477) » Definitions » ROCE %

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Address

Rajiv Gandhi Salai, Elnet Software City, TS 140, Block Number 2 and 9, Taramani, Chennai, TN, IND, 600 113

Website

http://www.elnettechnologies.com

Elnet Technologies Ltd is engaged in providing infrastructure to Software and Business Process Outsourcing Industries. It also provides renting of office space. The company operates in developing and managing Software Technology Park in India. In addition, the firm provides infrastructure for the information technology (IT) and IT-enabled service (ITES) industry. It operates in the segment of Developing and maintaining integrated software technology parks. Geographically, the group has a business presence in India.

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