Sancode Technologies (BOM:543897) ROCE % : -37.93% (As of Sep. 2023)

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What is Sancode 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. Sancode Technologies's annualized ROCE % for the quarter that ended in Sep. 2023 was -37.93%.

Sancode Technologies ROCE % Historical Data

The historical data trend for Sancode 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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Sancode Technologies ROCE % Chart

Sancode Technologies Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

-66.29

-11.16

33.10

Sancode Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
ROCE %	-	-	-	59.70	-37.93

Sancode Technologies ROCE % Calculation

Sancode Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	10.032	/	( ( (31.396 - 1.976)	+	(34.987 - 3.799) )	/ 2 )
	=	10.032	/	( (29.42	+	31.188)	/ 2 )
	=	10.032	/	30.304
	=	33.10 %

Sancode Technologies's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	-21.002	/	( ( (48.126 - 6.524)	+	(80.844 - 11.7) )	/ 2 )
	=	-21.002	/	( ( 41.602	+	69.144 )	/ 2 )
	=	-21.002	/	55.373
	=	-37.93 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Sancode Technologies (BOM:543897) 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.

Sancode Technologies ROCE % Related Terms

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Sancode Technologies (BOM:543897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sancode Technologies Ltd (BOM:543897) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B.M. Road, Opposite Elphinstone Station, 107, Prime Plaza, J.V. Patel Compound, Mumbai, MH, IND, 400013

Website

https://www.sancodetech.com

Sancode Technologies Ltd provides management consultancy services and ancillary services to startups and other entities. The firm's entire business falls under one segment namely Management consultancy services. It engages in software and product Digital transformation. Workflow automation., Artificial intelligence (AI), and Machine learning (ML). Robotic Process Automation (RPA) and Data Analytics, Metaverse, Web3 applications, and System Integration. development offering an API-enabled platform and solutions that enable organizations to adopt powerful technology applications addressing their strategic business needs rapidly.

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