VL E-Governance & IT Solutions (BOM:543958) ROCE % : -26.71% (As of Mar. 2024)

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What is VL E-Governance & IT 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. VL E-Governance & IT Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was -26.71%.

VL E-Governance & IT Solutions ROCE % Historical Data

The historical data trend for VL E-Governance & IT 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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VL E-Governance & IT Solutions ROCE % Chart

VL E-Governance & IT Solutions Annual Data

Trend

Mar23

Mar24

ROCE %

-6.94

VL E-Governance & IT Solutions Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-	-0.15	-0.16	-26.71

VL E-Governance & IT Solutions ROCE % Calculation

VL E-Governance & IT Solutions'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 )
	=	-1699.315	/	( ( (0 - 0)	+	(25171.449 - 687.264) )	/ 1 )
	=	-1699.315	/	( (0	+	24484.185)	/ 1 )
	=	-1699.315	/	24484.185
	=	-6.94 %

VL E-Governance & IT Solutions'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 )
	=	-6538.904	/	( ( (0 - 0)	+	(25171.449 - 687.264) )	/ 1 )
	=	-6538.904	/	( ( 0	+	24484.185 )	/ 1 )
	=	-6538.904	/	24484.185
	=	-26.71 %

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

VL E-Governance & IT Solutions (BOM:543958) 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.

VL E-Governance & IT Solutions ROCE % Related Terms

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VL E-Governance & IT Solutions (BOM:543958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VL E-Governance & IT Solutions Ltd (BOM:543958) » Definitions » ROCE %

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Traded in Other Exchanges

VLEGOV:India

Address

Road No. 16, Plot No. 93, Vakrangee Corporate House, M.I.D.C Marol, Andheri East, Mumbai, MH, IND, 400093

Website

VL E Governance and IT Solutions Pvt Ltd is engaged in providing last-mile delivery services of parcels on behalf of e-commerce entities and courier booking services. The Company serves in Local, State and National markets only and hence there are no exports.

VL E-Governance & IT Solutions (BOM:543958) Headlines

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