eClerx Services (BOM:532927) ROCE % : 29.00% (As of Mar. 2024)

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What is eClerx Services 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. eClerx Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.00%.

eClerx Services ROCE % Historical Data

The historical data trend for eClerx Services'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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eClerx Services ROCE % Chart

eClerx Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.83

24.65

33.35

36.26

31.66

eClerx Services 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															36.95	30.05	34.03	34.76	29.00

eClerx Services ROCE % Calculation

eClerx Services'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 )
	=	7128.2	/	( ( (22877.44 - 3374.41)	+	(29289.65 - 3769.55) )	/ 2 )
	=	7128.2	/	( (19503.03	+	25520.1)	/ 2 )
	=	7128.2	/	22511.565
	=	31.66 %

eClerx Services'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 )
	=	7401.88	/	( ( (0 - 0)	+	(29289.65 - 3769.55) )	/ 1 )
	=	7401.88	/	( ( 0	+	25520.1 )	/ 1 )
	=	7401.88	/	25520.1
	=	29.00 %

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

eClerx Services (BOM:532927) 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.

eClerx Services ROCE % Related Terms

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eClerx Services (BOM:532927) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » eClerx Services Ltd (BOM:532927) » Definitions » ROCE %

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ECLERX:India

Address

Nariman Point, 4th Floor, Express Towers, Mumbai, MH, IND, 400 021

Website

https://www.eclerx.com

eClerx Services Ltd provides a variety of information technology, or IT, and knowledge and business process outsourcing services. The firm's financial services include expense management and accounting and finance, digital marketing services that include customer relationship management and business intelligence, digital branding services that include multi-channel media content management, and cable and telecom services. The company organizes itself into four segments based on geography: United States, United Kingdom, Europe, and Asia-Pacific. The majority of revenue comes from the United States.

eClerx Services (BOM:532927) Headlines

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