Vasa Denticity (NSE:DENTALKART) ROCE % : 44.80% (As of Sep. 2023)

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What is Vasa Denticity 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. Vasa Denticity's annualized ROCE % for the quarter that ended in Sep. 2023 was 44.80%.

Vasa Denticity ROCE % Historical Data

The historical data trend for Vasa Denticity'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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Vasa Denticity ROCE % Chart

Vasa Denticity Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

30.21

72.60

130.63

Vasa Denticity Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
ROCE %	-	-	-	44.80

Vasa Denticity ROCE % Calculation

Vasa Denticity'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 )
	=	57.751	/	( ( (69.105 - 60.376)	+	(194.591 - 114.9) )	/ 2 )
	=	57.751	/	( (8.729	+	79.691)	/ 2 )
	=	57.751	/	44.21
	=	130.63 %

Vasa Denticity'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. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2022 )		(Q: Sep. 2023 )
	=	153.694	/	( ( (194.591 - 114.9)	+	(747.815 - 141.301) )	/ 2 )
	=	153.694	/	( ( 79.691	+	606.514 )	/ 2 )
	=	153.694	/	343.1025
	=	44.80 %

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

Vasa Denticity (NSE:DENTALKART) 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.

Vasa Denticity ROCE % Related Terms

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Vasa Denticity (NSE:DENTALKART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Vasa Denticity Ltd (NSE:DENTALKART) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village, P.O. Chattarpur, Khasra No. 714, South Delhi, Delhi, IND, 110074

Website

https://www.dentalkart.com

Vasa Denticity Ltd is engaged in the business of marketing and distributing a comprehensive portfolio of dental products including consumables, instruments, equipment, and accessories for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile through our online portal Dentalkart.com. It operates an online channel housing approximately 300 domestic and international brands with a comprehensive product range of more than 10,000 dental products. sell a broad range of dental products including dental consumables such as adhesives, filling materials, and impression materials; dental equipment such as chairs, x-ray machines, and autoclaves; and dental instruments such as forceps, probes, and mirrors.

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