Kretto Syscon (BOM:531328) ROCE % : 6.11% (As of Mar. 2024)

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What is Kretto Syscon 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. Kretto Syscon's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.11%.

Kretto Syscon ROCE % Historical Data

The historical data trend for Kretto Syscon'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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Kretto Syscon ROCE % Chart

Kretto Syscon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.51

1.00

1.50

1.55

2.06

Kretto Syscon Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.77	3.83	0.78	-	6.11

Kretto Syscon ROCE % Calculation

Kretto Syscon'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 )
	=	3.424	/	( ( (175.594 - 10.979)	+	(185.224 - 18.11) )	/ 2 )
	=	3.424	/	( (164.615	+	167.114)	/ 2 )
	=	3.424	/	165.8645
	=	2.06 %

Kretto Syscon'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 )
	=	10.216	/	( ( (0 - 0)	+	(185.224 - 18.11) )	/ 1 )
	=	10.216	/	( ( 0	+	167.114 )	/ 1 )
	=	10.216	/	167.114
	=	6.11 %

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

Kretto Syscon (BOM:531328) 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.

Kretto Syscon ROCE % Related Terms

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Kretto Syscon (BOM:531328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Kretto Syscon Ltd (BOM:531328) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

S.G. Highway, A-401, Sankalp Iconic, Opp. Vikram Nagar Iscon Temple Cross Road, Ahmedabad, GJ, IND, 380054

Website

https://www.krettosysconltd.com

Kretto Syscon Ltd is an India-based company. It develops, provides, undertakes, design, import, export, distribute and deal in Systems and application software for microprocessor-based information systems, offshore software development projects, internet service provider, and solutions in all areas of application.

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