Accord Synergy (NSE:ACCORD) ROCE % : 4.74% (As of Mar. 2023)

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What is Accord Synergy 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. Accord Synergy's annualized ROCE % for the quarter that ended in Mar. 2023 was 4.74%.

Accord Synergy ROCE % Historical Data

The historical data trend for Accord Synergy'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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Accord Synergy ROCE % Chart

Accord Synergy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.82

12.53

9.05

-28.27

1.86

Accord Synergy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial										11.39	-15.15	-41.54	-0.75	4.74

Accord Synergy ROCE % Calculation

Accord Synergy'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 )
	=	2.875	/	( ( (177.07 - 15.463)	+	(172.862 - 25.543) )	/ 2 )
	=	2.875	/	( (161.607	+	147.319)	/ 2 )
	=	2.875	/	154.463
	=	1.86 %

Accord Synergy's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	6.898	/	( ( (150.224 - 6.407)	+	(172.862 - 25.543) )	/ 2 )
	=	6.898	/	( ( 143.817	+	147.319 )	/ 2 )
	=	6.898	/	145.568
	=	4.74 %

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

Accord Synergy (NSE:ACCORD) 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.

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Accord Synergy (NSE:ACCORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Accord Synergy Ltd (NSE:ACCORD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

302, Shine Plaza, Near Natubhai Circle, Race Course, Vadodara, GJ, IND, 390007

Website

https://www.accordsynergy.com

Accord Synergy Ltd is engaged in support services to the telecom industries. The company has two reportable segments which are Telecom services and Civil contracts of which Telecom services segment generates majority of its revenue for the company. The company offers network planning and optimization, network rollout, managed services, and manpower outsourcing through a sub-contracting basis. It also provides all services related to planning, installation and commissioning, operation, modification and maintenance of telecom networks to the customers. Geographically, it operates only in India.

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