Zee Learn (BOM:533287) ROCE % : 8.09% (As of Dec. 2023)

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What is Zee Learn 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. Zee Learn's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.09%.

Zee Learn ROCE % Historical Data

The historical data trend for Zee Learn'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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Zee Learn ROCE % Chart

Zee Learn Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.94

9.63

4.30

4.09

-50.17

Zee Learn Quarterly Data
	Mar19	Jun19	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															-57.59	-192.79	15.53	-6.05	8.09

Zee Learn ROCE % Calculation

Zee Learn'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 )
	=	-4093.109	/	( ( (14474.971 - 4098.577)	+	(10237.819 - 4296.356) )	/ 2 )
	=	-4093.109	/	( (10376.394	+	5941.463)	/ 2 )
	=	-4093.109	/	8158.9285
	=	-50.17 %

Zee Learn'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 )
	=	452.672	/	( ( (10138.419 - 4540.211)	+	(0 - 0) )	/ 1 )
	=	452.672	/	( ( 5598.208	+	0 )	/ 1 )
	=	452.672	/	5598.208
	=	8.09 %

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

Zee Learn (BOM:533287) 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.

Zee Learn ROCE % Related Terms

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Zee Learn (BOM:533287) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Zee Learn Ltd (BOM:533287) » Definitions » ROCE %

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ZEELEARN:India

Address

135, Dr. Annie Besant Road, Continental Building, Worli, Mumbai, MH, IND, 400 018

Website

https://www.zeelearn.com

Zee Learn Ltd is engaged in the provision of educational services in India. The firm delivers learning solutions and training through its multiple products Kidzee, Mount Litera Zee Schools, Mount Litera World Preschool, Zee Institute of Media Arts (ZIMA), Zee Institute of Creative Arts (ZICA) and E-Learning Online Education and Testing. It operates through the Educational, Construction and Leasing for education and Training Manpower and related activities. The Educational segment provides learning solutions and delivers training. The Construction and Leasing segment consists of constructing and leasing properties for commercial use. The firm generates maximum revenue from its Educational segment.

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