Zodiac Energy (NSE:ZODIACSMN) ROCE % : 39.94% (As of Dec. 2023)

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What is Zodiac Energy 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. Zodiac Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 39.94%.

Zodiac Energy ROCE % Historical Data

The historical data trend for Zodiac Energy'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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Zodiac Energy ROCE % Chart

Zodiac Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.73

21.26

24.37

24.36

15.70

Zodiac Energy Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															23.94	25.68	19.91	22.74	39.94

Zodiac Energy ROCE % Calculation

Zodiac Energy'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 )
	=	69.964	/	( ( (791.629 - 366.407)	+	(947.149 - 480.881) )	/ 2 )
	=	69.964	/	( (425.222	+	466.268)	/ 2 )
	=	69.964	/	445.745
	=	15.70 %

Zodiac Energy'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 )
	=	201.536	/	( ( (923.454 - 418.845)	+	(0 - 0) )	/ 1 )
	=	201.536	/	( ( 504.609	+	0 )	/ 1 )
	=	201.536	/	504.609
	=	39.94 %

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

Zodiac Energy (NSE:ZODIACSMN) 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.

Zodiac Energy ROCE % Related Terms

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Zodiac Energy (NSE:ZODIACSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zodiac Energy Ltd (NSE:ZODIACSMN) » Definitions » ROCE %

Traded in Other Exchanges

543416:India

Address

Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.zodiacenergy.com

Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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