Lex Nimble Solutions (BOM:541196) ROCE % : 1.05% (As of Sep. 2023)

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What is Lex Nimble Solutions 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. Lex Nimble Solutions's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.05%.

Lex Nimble Solutions ROCE % Historical Data

The historical data trend for Lex Nimble Solutions'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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Lex Nimble Solutions ROCE % Chart

Lex Nimble Solutions Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-3.34

3.67

0.27

-0.08

2.49

Lex Nimble Solutions Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial													-0.59	0.42	0.77	4.19	1.05

Lex Nimble Solutions ROCE % Calculation

Lex Nimble Solutions'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 )
	=	3.581	/	( ( (143.489 - 4.101)	+	(151.924 - 4.168) )	/ 2 )
	=	3.581	/	( (139.388	+	147.756)	/ 2 )
	=	3.581	/	143.572
	=	2.49 %

Lex Nimble Solutions'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 )
	=	1.582	/	( ( (151.924 - 4.168)	+	(156.052 - 3.889) )	/ 2 )
	=	1.582	/	( ( 147.756	+	152.163 )	/ 2 )
	=	1.582	/	149.9595
	=	1.05 %

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

Lex Nimble Solutions (BOM:541196) 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.

Lex Nimble Solutions ROCE % Related Terms

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Lex Nimble Solutions (BOM:541196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lex Nimble Solutions Ltd (BOM:541196) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Quardant 3, Module A1, Cyber Towers, 10th Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500 081

Website

https://www.lexnimble.in

Lex Nimble Solutions Ltd is engaged in IT consulting, support and solutions and appraisal advisory, certification, training and related services on quality models. The company's business segments are Software services and Consulting services. It derives key revenue from the Consulting services segment which covers IT staffing, Support Services and Payroll and accounting Service; and Quality Certification, Consulting and Training. Geographically, the group has customers located within India and other countries.

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