Protean eGov Technologies (BOM:544021) ROCE % : 14.10% (As of Mar. 2024)

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What is Protean eGov 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. Protean eGov Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.10%.

Protean eGov Technologies ROCE % Historical Data

The historical data trend for Protean eGov 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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Protean eGov Technologies ROCE % Chart

Protean eGov Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

16.93

24.76

16.74

14.10

Protean eGov Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	16.93	24.76	16.74	14.10

Protean eGov Technologies ROCE % Calculation

Protean eGov Technologies'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 )
	=	1295.3	/	( ( (11041.02 - 2277.7)	+	(11852.4 - 2237.8) )	/ 2 )
	=	1295.3	/	( (8763.32	+	9614.6)	/ 2 )
	=	1295.3	/	9188.96
	=	14.10 %

Protean eGov Technologies'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	1295.3	/	( ( (11041.02 - 2277.7)	+	(11852.4 - 2237.8) )	/ 2 )
	=	1295.3	/	( ( 8763.32	+	9614.6 )	/ 2 )
	=	1295.3	/	9188.96
	=	14.10 %

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

Protean eGov Technologies (BOM:544021) 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.

Protean eGov Technologies ROCE % Related Terms

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Protean eGov Technologies (BOM:544021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Protean eGov Technologies Ltd (BOM:544021) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Times Tower, 1st Floor, Kamala Mills Compound, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.proteantech.in

Protean eGov Technologies Ltd is a key IT-enabled solutions company in India. It is engaged in conceptualizing, developing and executing nationally critical and population-scale greenfield technology solutions.

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