Global Education (NSE:GLOBAL) ROCE % : 59.56% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Global Education 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. Global Education's annualized ROCE % for the quarter that ended in Dec. 2023 was 59.56%.

Global Education ROCE % Historical Data

The historical data trend for Global Education'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.

* Premium members only.

Global Education ROCE % Chart

Global Education Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

34.68

31.83

6.26

33.29

54.01

Global Education Quarterly Data
	Sep18	Mar19	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															41.34	87.26	61.45	73.65	59.56

Global Education ROCE % Calculation

Global Education'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 )
	=	304.132	/	( ( (523.05 - 52.74)	+	(738.249 - 82.276) )	/ 2 )
	=	304.132	/	( (470.31	+	655.973)	/ 2 )
	=	304.132	/	563.1415
	=	54.01 %

Global Education'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 )
	=	498.704	/	( ( (887.78 - 81.253)	+	(932.645 - 64.679) )	/ 2 )
	=	498.704	/	( ( 806.527	+	867.966 )	/ 2 )
	=	498.704	/	837.2465
	=	59.56 %

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

Global Education (NSE:GLOBAL) 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.

Global Education ROCE % Related Terms

Thank you for viewing the detailed overview of Global Education's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Education (NSE:GLOBAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Global Education Ltd (NSE:GLOBAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

345, Kingsway, 4th Floor, Usha Complex, Nagpur, MH, IND, 440001

Website

https://www.globaledu.net.in

Global Education Ltd is a service provider for educational support and related activities. It operates in two segments, namely, Educational Training and Development Activities and Educational Business Support Activities. The company offers professional training and skill development to corporates, teachers, and students for human capital development and other business support services to educational institutions. The company earns its major revenue from the Educational Business Support Activities segment.

Global Education (NSE:GLOBAL) Headlines

No Headlines