Innovana Thinklabs (NSE:INNOVANA) ROCE % : 43.71% (As of Sep. 2023)

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What is Innovana Thinklabs 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. Innovana Thinklabs's annualized ROCE % for the quarter that ended in Sep. 2023 was 43.71%.

Innovana Thinklabs ROCE % Historical Data

The historical data trend for Innovana Thinklabs'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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Innovana Thinklabs ROCE % Chart

Innovana Thinklabs Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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59.21

65.04

32.04

33.08

30.84

Innovana Thinklabs Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial										53.43	15.46	21.41	40.82	43.71

Innovana Thinklabs ROCE % Calculation

Innovana Thinklabs'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 )
	=	338.77	/	( ( (1575.921 - 607.873)	+	(1712.52 - 483.882) )	/ 2 )
	=	338.77	/	( (968.048	+	1228.638)	/ 2 )
	=	338.77	/	1098.343
	=	30.84 %

Innovana Thinklabs'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 )
	=	578.412	/	( ( (1712.52 - 483.882)	+	(1775.207 - 357.177) )	/ 2 )
	=	578.412	/	( ( 1228.638	+	1418.03 )	/ 2 )
	=	578.412	/	1323.334
	=	43.71 %

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

Innovana Thinklabs (NSE:INNOVANA) 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.

Innovana Thinklabs ROCE % Related Terms

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Innovana Thinklabs (NSE:INNOVANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Innovana Thinklabs Ltd (NSE:INNOVANA) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Plot No. D-41, Patrakar Colony, Raja Park, Near Jawahar Nagar Moti Dungri Vistar Yojna, Jaipur, RJ, IND, 302004

Website

https://www.innovanathinklabs.com

Innovana Thinklabs Ltd is engaged in software and application development business services to the retail user. Principally, the company designs, develop and maintain software systems and solutions, as well as create new applications and enhance the functionality of existing software products. Its product portfolio consists of application and software such as adblocker, disk cleanup, space reviver, file opener, and privacy protector. In addition, the company also produces application and software such as advance password manager, advanced identity protector, malware protection, disk speedup, systems boost, and web protection.

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