Syntel (Syntel) ROCE % : 72.41% (As of Jun. 2018)

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What is Syntel 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. Syntel's annualized ROCE % for the quarter that ended in Jun. 2018 was 72.41%.

Syntel ROCE % Historical Data

The historical data trend for Syntel'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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Syntel ROCE % Chart

Syntel Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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36.90

32.66

29.03

37.13

71.00

Syntel Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
ROCE %	Get a 7-Day Free Trial															67.65	77.16	83.63	78.38	72.41

Syntel ROCE % Calculation

Syntel's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	238.112	/	( ( (454.543 - 132.641)	+	(483.716 - 134.867) )	/ 2 )
	=	238.112	/	( (321.902	+	348.849)	/ 2 )
	=	238.112	/	335.3755
	=	71.00 %

Syntel's ROCE % of for the quarter that ended in Jun. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2018 )		(Q: Mar. 2018 )		(Q: Jun. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2018 )		(Q: Mar. 2018 )		(Q: Jun. 2018 )
	=	232.708	/	( ( (452.444 - 142.692)	+	(487.594 - 154.599) )	/ 2 )
	=	232.708	/	( ( 309.752	+	332.995 )	/ 2 )
	=	232.708	/	321.3735
	=	72.41 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2018) EBIT data.

Syntel (NAS:SYNT) 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.

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Syntel (Syntel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Syntel Inc (NAS:SYNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.syntelinc.com

Syntel is a global provider of digital transformation, information technology, and knowledge process. The company earns approximately half of its revenue from customers in the banking and financial services industry. Syntel provides a broad range of technology solutions to its customers, including managed IT services, digital one, and KPO services. Managed services provides complete software applications development, maintenance, digital modernization, IT infrastructure, cloud, and migration services. Syntel's Digital One service line provides a range of consulting and implementation services built around enterprise architecture, data warehousing and business intelligence, enterprise application integration, web and mobile applications, and "Internet of Things".

Executives

Bharat Desai	director, 10 percent owner, officer: Co-Chairman	2800, SUITE 300, BLOOMFIELD MI 48304
Neerja Sethi	director, 10 percent owner	2800, SUITE 300, BLOOMFIELD MI 48304
Prashant Ranade	director, officer: Co-Chairman	507 PLYMOUTH AVENUE, NE, GRAND RAPIDS MI 49505
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108