Zota Health Care (NSE:ZOTA) ROCE % : -4.15% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Zota Health Care 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. Zota Health Care's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.15%.

Zota Health Care ROCE % Historical Data

The historical data trend for Zota Health Care'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.

* Premium members only.

Zota Health Care ROCE % Chart

Zota Health Care Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

11.23

5.55

-0.46

14.90

-2.00

Zota Health Care Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-8.98	-8.02	-6.73	0.06	-4.15

Zota Health Care ROCE % Calculation

Zota Health Care'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 )
	=	-22.053	/	( ( (1390.935 - 359.608)	+	(1581.12 - 405.158) )	/ 2 )
	=	-22.053	/	( (1031.327	+	1175.962)	/ 2 )
	=	-22.053	/	1103.6445
	=	-2.00 %

Zota Health Care'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 )
	=	-63.792	/	( ( (1840.004 - 301.852)	+	(0 - 0) )	/ 1 )
	=	-63.792	/	( ( 1538.152	+	0 )	/ 1 )
	=	-63.792	/	1538.152
	=	-4.15 %

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

Zota Health Care (NSE:ZOTA) 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.

Zota Health Care ROCE % Related Terms

Thank you for viewing the detailed overview of Zota Health Care's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Zota Health Care (NSE:ZOTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Zota Health Care Ltd (NSE:ZOTA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/896, Hira Modi Street, Zota House, Sagrampura, Surat, GJ, IND, 395002

Website

https://www.zotahealthcare.com

Zota Health Care Ltd is engaged in manufacturing, trading and export of pharmaceutical products. The company caters to both domestic and international markets. It offers a vast range of pharmaceutical, nutraceutical, ayurvedic, and OTC products in India and overseas as well.

Zota Health Care (NSE:ZOTA) Headlines

No Headlines