All E Technologies (NSE:ALLETEC) ROCE % : 25.85% (As of Dec. 2023)

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What is All E 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. All E Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.85%.

All E Technologies ROCE % Historical Data

The historical data trend for All E 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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All E Technologies ROCE % Chart

All E Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

8.31

32.52

25.44

20.26

All E Technologies Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						-	17.83	20.68	23.29	25.85

All E Technologies ROCE % Calculation

All E 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 )
	=	152.787	/	( ( (635.078 - 160.246)	+	(1237.561 - 204.376) )	/ 2 )
	=	152.787	/	( (474.832	+	1033.185)	/ 2 )
	=	152.787	/	754.0085
	=	20.26 %

All E 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 )
	=	282.684	/	( ( (1417.468 - 323.74)	+	(0 - 0) )	/ 1 )
	=	282.684	/	( ( 1093.728	+	0 )	/ 1 )
	=	282.684	/	1093.728
	=	25.85 %

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

All E Technologies (NSE:ALLETEC) 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.

All E Technologies ROCE % Related Terms

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All E Technologies (NSE:ALLETEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » All E Technologies Ltd (NSE:ALLETEC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-1, Sector-58, Noida, UP, IND, 201301

Website

https://www.alletec.com

All E Technologies Ltd is a Microsoft business application and digital transformation company. It offers Microsoft Dynamics 365, Power Platform, Data & AI - powered by Microsoft Azure and Collaboration platforms. The company also provides offshore technology services to some large Microsoft business application partners from the USA and Europe.

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