Ksolves India (NSE:KSOLVES) ROCE % : 196.47% (As of Mar. 2024)

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What is Ksolves India 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. Ksolves India's annualized ROCE % for the quarter that ended in Mar. 2024 was 196.47%.

Ksolves India ROCE % Historical Data

The historical data trend for Ksolves India'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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Ksolves India ROCE % Chart

Ksolves India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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150.62

165.43

135.78

160.32

184.85

Ksolves India Quarterly Data
	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														161.47	170.63	147.22	156.92	196.47

Ksolves India ROCE % Calculation

Ksolves India's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	458.67	/	( ( (340.879 - 103.464)	+	(395.566 - 136.72) )	/ 2 )
	=	458.67	/	( (237.415	+	258.846)	/ 2 )
	=	458.67	/	248.1305
	=	184.85 %

Ksolves India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	508.556	/	( ( (0 - 0)	+	(395.566 - 136.72) )	/ 1 )
	=	508.556	/	( ( 0	+	258.846 )	/ 1 )
	=	508.556	/	258.846
	=	196.47 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Ksolves India (NSE:KSOLVES) 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.

Ksolves India ROCE % Related Terms

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Ksolves India (NSE:KSOLVES) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ksolves India Ltd (NSE:KSOLVES) » Definitions » ROCE %

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543599:India

Address

Parexl, B-4, 1st Floor, B-Block, Sector 63, Noida, UP, IND, 201301

Website

https://www.ksolves.com

Ksolves India Ltd is a certified software service and product company offering solutions that enable client organizations to rapidly develop powerful applications addressing their business needs. This may include automation of routine business functions, making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed. It is engaged in software development, enterprise solutions and consulting, providing a range of Information Technology (IT) solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare. It comprises single-segment software development services.

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