Techknowgreen Solutions (BOM:543991) ROCE % : 42.97% (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Techknowgreen 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. Techknowgreen Solutions's annualized ROCE % for the quarter that ended in Sep. 2023 was 42.97%.

Techknowgreen Solutions ROCE % Historical Data

The historical data trend for Techknowgreen 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.

* Premium members only.

Techknowgreen Solutions ROCE % Chart

Techknowgreen Solutions Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

23.74

48.51

119.66

Techknowgreen Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
ROCE %	-	-	-	42.97

Techknowgreen Solutions ROCE % Calculation

Techknowgreen 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 )
	=	62.896	/	( ( (95.394 - 55.973)	+	(123.725 - 58.019) )	/ 2 )
	=	62.896	/	( (39.421	+	65.706)	/ 2 )
	=	62.896	/	52.5635
	=	119.66 %

Techknowgreen Solutions'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	68.08	/	( ( (123.725 - 58.019)	+	(274.638 - 23.498) )	/ 2 )
	=	68.08	/	( ( 65.706	+	251.14 )	/ 2 )
	=	68.08	/	158.423
	=	42.97 %

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

Techknowgreen Solutions (BOM:543991) 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.

Techknowgreen Solutions ROCE % Related Terms

Thank you for viewing the detailed overview of Techknowgreen Solutions's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Techknowgreen Solutions (BOM:543991) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Techknowgreen Solutions Ltd (BOM:543991) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat-202, Hem Opal Apartment, Plot No. 26, Ekta Park Society, Wakdewadi, Pune, MH, IND, 411003

Website

http://www.techknowgreen.com

Techknowgreen Solutions Ltd is an environmental consulting company. It is engaged in the business of 'providing consulting services in almost every realm of environment & infrastructure planning, solutions to every problem of environment & climate change, which are both environmentally as well as economically feasible. It is one of the first companies in India to provide environmental IT solutions through cutting-edge software applications and compliance solutions. The company has diverse experience in handling complex projects across various industries like infrastructure, chemical, automobile, healthcare, manufacturing, real estate and national/state governments. Its client base includes government, semi-government organizations, MNCs, large companies, mid-size companies and MSMEs.

Techknowgreen Solutions (BOM:543991) Headlines

No Headlines