Ramco Systems (BOM:532370) ROCE % : -19.05% (As of Mar. 2024)

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What is Ramco Systems 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. Ramco Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was -19.05%.

Ramco Systems ROCE % Historical Data

The historical data trend for Ramco Systems'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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Ramco Systems ROCE % Chart

Ramco Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.06

16.08

-9.63

-32.86

-46.15

Ramco Systems 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															-34.79	-30.07	-133.87	-23.02	-19.05

Ramco Systems ROCE % Calculation

Ramco Systems'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 )
	=	-2375.03	/	( ( (9334.5 - 3118.55)	+	(6680.25 - 2602.72) )	/ 2 )
	=	-2375.03	/	( (6215.95	+	4077.53)	/ 2 )
	=	-2375.03	/	5146.74
	=	-46.15 %

Ramco Systems'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 )
	=	-776.76	/	( ( (0 - 0)	+	(6680.25 - 2602.72) )	/ 1 )
	=	-776.76	/	( ( 0	+	4077.53 )	/ 1 )
	=	-776.76	/	4077.53
	=	-19.05 %

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

Ramco Systems (BOM:532370) 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.

Ramco Systems ROCE % Related Terms

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Ramco Systems (BOM:532370) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ramco Systems Ltd (BOM:532370) » Definitions » ROCE %

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RAMCOSYS:India

Address

No. 64, Sardar Patel Road, Taramani, Chennai, TN, IND, 600 113

Website

https://www.ramco.com

Ramco Systems Ltd develops software and software products for human capital management, payroll, enterprise resource management, monitoring and evaluation, and maintenance, repair, and overhaul providers in the Aviation industry. The company develops software through its enterprise application assembly and delivery platform Ramco VirtualWorks for transaction systems and Ramco DecisionWorks for analytics/reporting. The product portfolio of the company includes aviation, aerospace & defense management software, enterprise resource planning software, payroll & logistics software on the cloud. The majority of its revenue is earned from the sale of licenses and services.

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