Edynamics Solutions (BOM:535694) ROCE % : -0.06% (As of Jun. 2023)

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What is Edynamics Solutions 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. Edynamics Solutions's annualized ROCE % for the quarter that ended in Jun. 2023 was -0.06%.

Edynamics Solutions ROCE % Historical Data

The historical data trend for Edynamics Solutions'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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Edynamics Solutions ROCE % Chart

Edynamics Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-0.20

-0.32

-0.18

-0.22

-0.15

Edynamics Solutions Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-0.05	-0.15	-0.14	0.05	-0.06

Edynamics Solutions ROCE % Calculation

Edynamics Solutions'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 )
	=	-0.541	/	( ( (394.727 - 31.507)	+	(390.8 - 27.792) )	/ 2 )
	=	-0.541	/	( (363.22	+	363.008)	/ 2 )
	=	-0.541	/	363.114
	=	-0.15 %

Edynamics Solutions's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-0.2	/	( ( (390.8 - 27.792)	+	(0 - 0) )	/ 1 )
	=	-0.2	/	( ( 363.008	+	0 )	/ 1 )
	=	-0.2	/	363.008
	=	-0.06 %

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

Edynamics Solutions (BOM:535694) 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.

Edynamics Solutions ROCE % Related Terms

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Edynamics Solutions (BOM:535694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Edynamics Solutions Ltd (BOM:535694) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Office No. 103, 1st Floor, Plot No. 2, Triveni Complex, Veer Savarkar Block, Shakarpur, Delhi, IND, 110092

Website

http://www.edynamicssolutions.com

Edynamics Solutions Ltd is engaged in the business of importing, exporting, buying and selling or otherwise dealing in manufacturing, buying, selling, exchanging, marketing, distributing and all kinds, including automobile parts, ball and roller bearings, beverages, chemicals, glass materials, textile, readymade garments, timber products and any other materials and substances.

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