63 Moons Technologies (BOM:526881) ROCE % : 12.28% (As of Dec. 2023)

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What is 63 Moons 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. 63 Moons Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.28%.

63 Moons Technologies ROCE % Historical Data

The historical data trend for 63 Moons 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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63 Moons Technologies ROCE % Chart

63 Moons Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.63

-1.24

-1.97

-2.38

0.65

63 Moons Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.89	0.95	6.60	11.91	12.28

63 Moons Technologies ROCE % Calculation

63 Moons 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 )
	=	201.795	/	( ( (33683.341 - 2780.13)	+	(34658.527 - 3550.435) )	/ 2 )
	=	201.795	/	( (30903.211	+	31108.092)	/ 2 )
	=	201.795	/	31005.6515
	=	0.65 %

63 Moons 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3981.704	/	( ( (37029.162 - 4609.133)	+	(0 - 0) )	/ 1 )
	=	3981.704	/	( ( 32420.029	+	0 )	/ 1 )
	=	3981.704	/	32420.029
	=	12.28 %

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

63 Moons Technologies (BOM:526881) 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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63 Moons Technologies (BOM:526881) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » 63 Moons Technologies Ltd (BOM:526881) » Definitions » ROCE %

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63MOONS:India

Address

Suren Road, FT Tower, CTS No. 256 and 257, Chakala, Andheri (East), Mumbai, MH, IND, 400 093

Website

https://www.63moons.com

63 Moons Technologies Ltd is a company that is involved in the business of offering technology intellectual property and domain expertise to create and trade on next-generation financial markets across all asset classes including equities, commodities, currencies, and bonds among others. Its products and solutions portfolio includes exchange technology solutions, brokerage technology solutions, and risk solutions. The company's business segments include Straight Through Processing (STP) technologies and solutions and Others. It derives the majority of its revenues from STP technologies and solutions segment.

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