Sylph Technologies (BOM:511447) ROCE % : -17.28% (As of Dec. 2023)

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What is Sylph 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. Sylph Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.28%.

Sylph Technologies ROCE % Historical Data

The historical data trend for Sylph 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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Sylph Technologies ROCE % Chart

Sylph Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.39

-0.42

0.13

3.33

5.84

Sylph Technologies 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															2.22	6.41	0.55	1.96	-17.28

Sylph Technologies ROCE % Calculation

Sylph 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 )
	=	8.018	/	( ( (150.239 - 16.176)	+	(178.869 - 38.44) )	/ 2 )
	=	8.018	/	( (134.063	+	140.429)	/ 2 )
	=	8.018	/	137.246
	=	5.84 %

Sylph 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 )
	=	-24.376	/	( ( (199.777 - 58.694)	+	(0 - 0) )	/ 1 )
	=	-24.376	/	( ( 141.083	+	0 )	/ 1 )
	=	-24.376	/	141.083
	=	-17.28 %

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

Sylph Technologies (BOM:511447) 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.

Sylph Technologies ROCE % Related Terms

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Sylph Technologies (BOM:511447) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylph Technologies Ltd (BOM:511447) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 M G Road, 201 E Johari Palace, Tukoganj, Indore, MP, IND, 452001

Website

http://www.sylphtechnologies.com

Sylph Technologies Ltd is an India-based company. It is engaged in providing offshore outsourcing, software development outsourcing, custom application development, outsourced product development, e-commerce, and wireless and mobile solutions. The operating segment of the company is Information Technology, Education, Printing and Publishing Newspapers, and Trading of Solar Power Plant. The firm is also engaged in providing BPO Service & KPO Service and providing services in the field of Accounting, Income tax, Service Tax, VAT, CST, GST, Custom Duty and other duties and taxes, Auditing, Corporate Services, Company law matters, Financial & Legal Consultancy and Tax Management.

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