ACE Software Exports (BOM:531525) ROCE % : 52.22% (As of Dec. 2023)

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What is ACE Software Exports 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. ACE Software Exports's annualized ROCE % for the quarter that ended in Dec. 2023 was 52.22%.

ACE Software Exports ROCE % Historical Data

The historical data trend for ACE Software Exports'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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ACE Software Exports ROCE % Chart

ACE Software Exports Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.66

-11.53

-3.72

-3.32

0.87

ACE Software Exports 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															8.90	-4.34	-5.32	18.33	52.22

ACE Software Exports ROCE % Calculation

ACE Software Exports'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 )
	=	1.805	/	( ( (233.095 - 16.744)	+	(210.538 - 10.354) )	/ 2 )
	=	1.805	/	( (216.351	+	200.184)	/ 2 )
	=	1.805	/	208.2675
	=	0.87 %

ACE Software Exports'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 )
	=	112.336	/	( ( (226.501 - 11.365)	+	(0 - 0) )	/ 1 )
	=	112.336	/	( ( 215.136	+	0 )	/ 1 )
	=	112.336	/	215.136
	=	52.22 %

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

ACE Software Exports (BOM:531525) 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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ACE Software Exports (BOM:531525) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ACE Software Exports Ltd (BOM:531525) » Definitions » ROCE %

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Address

801 - Everest Commercial Complex, Opposite Shashtri Maidan, Rajkot, GJ, IND, 360001

Website

https://www.acesoftex.com

Ace Software Exports Ltd operates in the business of software database creation. It provides document management, digital publishing, and data conversion solutions using process engineering and cost-effective and flexible conversion systems. The firm operates under a single segment namely Computer Software and Services Exports. The company is engaged in the exports of computer software and service. The company's business relates to database creation pertaining to Information technology-enabled services, which include creating large volume full text, and image-based databases. The company derives the majority of its revenue from the sale of software.

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