Rategain Travel Technologies (BOM:543417) ROCE % : 25.40% (As of Dec. 2023)

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What is Rategain Travel 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. Rategain Travel Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.40%.

Rategain Travel Technologies ROCE % Historical Data

The historical data trend for Rategain Travel 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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Rategain Travel Technologies ROCE % Chart

Rategain Travel Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

6.59

-3.74

-5.22

3.21

9.79

Rategain Travel Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial										8.80	13.91	17.24	19.22	25.40

Rategain Travel Technologies ROCE % Calculation

Rategain Travel 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 )
	=	687.69	/	( ( (7810.91 - 1295.94)	+	(9452.82 - 1923.01) )	/ 2 )
	=	687.69	/	( (6514.97	+	7529.81)	/ 2 )
	=	687.69	/	7022.39
	=	9.79 %

Rategain Travel 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 )
	=	2095.08	/	( ( (10520.85 - 2271.52)	+	(0 - 0) )	/ 1 )
	=	2095.08	/	( ( 8249.33	+	0 )	/ 1 )
	=	2095.08	/	8249.33
	=	25.40 %

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

Rategain Travel Technologies (BOM:543417) 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.

Rategain Travel Technologies ROCE % Related Terms

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Rategain Travel Technologies (BOM:543417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rategain Travel Technologies Ltd (BOM:543417) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RATEGAIN:India

Address

Plot No. A-3,4,5, Sector 125, Club 125, 4th, Prius Global, Noida, UP, IND, 201 301

Website

https://www.rategain.com

Rategain Travel Technologies Ltd is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. Geographically, it derives a majority of its revenue from the United Kingdom.

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