Hiliks Technologies (BOM:539697) ROCE % : 3.35% (As of Dec. 2023)

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What is Hiliks 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. Hiliks Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.35%.

Hiliks Technologies ROCE % Historical Data

The historical data trend for Hiliks 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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Hiliks Technologies ROCE % Chart

Hiliks Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.84

2.87

4.79

1.40

2.61

Hiliks 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															-16.75	48.40	-12.77	-21.05	3.35

Hiliks Technologies ROCE % Calculation

Hiliks 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 )
	=	1.523	/	( ( (173.564 - 115.39)	+	(85.443 - 26.696) )	/ 2 )
	=	1.523	/	( (58.174	+	58.747)	/ 2 )
	=	1.523	/	58.4605
	=	2.61 %

Hiliks 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 )
	=	1.8	/	( ( (88.018 - 34.345)	+	(0 - 0) )	/ 1 )
	=	1.8	/	( ( 53.673	+	0 )	/ 1 )
	=	1.8	/	53.673
	=	3.35 %

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

Hiliks Technologies (BOM:539697) 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.

Hiliks Technologies ROCE % Related Terms

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Hiliks Technologies (BOM:539697) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hiliks Technologies Ltd (BOM:539697) » Definitions » ROCE %

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Address

Lucid Diagnostics Lane, Road No. 2, Banjara Hills, 2nd Floor, Semushi Towers, Above Union Bank of India, Plot No. 21, Rao and Raju Colony, Hyderabad, TG, IND, 500 034

Website

https://www.hiliks.com

Hiliks Technologies Ltd is an Indian company. The company is engaged in the Business of providing services/solutions of information technology, information systems, Hardware and Software development, system networking and satellite communications, protocols, call centers, medical transcription, medical billing, system development, computer training in software and networking, infrastructure for software development, networking and to provide manpower consulting in software, hardware and networking and other business process outsourcing activities, training center, and help desk services and provide services relating to products, product support services, software education, system integration, embedded systems development, software testing services, software support services.

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