CES (BOM:512341) ROCE % : 14.66% (As of Mar. 2023)

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What is CES 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. CES's annualized ROCE % for the quarter that ended in Mar. 2023 was 14.66%.

CES ROCE % Historical Data

The historical data trend for CES'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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CES ROCE % Chart

CES Annual Data

Trend

Jun14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.22

25.30

27.23

29.39

14.66

CES Semi-Annual Data
	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial									21.22	25.30	27.23	29.39	14.66

CES ROCE % Calculation

CES'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 )
	=	289.766	/	( ( (2665.058 - 848.987)	+	(3151.112 - 1014.914) )	/ 2 )
	=	289.766	/	( (1816.071	+	2136.198)	/ 2 )
	=	289.766	/	1976.1345
	=	14.66 %

CES's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	289.766	/	( ( (2665.058 - 848.987)	+	(3151.112 - 1014.914) )	/ 2 )
	=	289.766	/	( ( 1816.071	+	2136.198 )	/ 2 )
	=	289.766	/	1976.1345
	=	14.66 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

CES (BOM:512341) 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.

CES ROCE % Related Terms

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CES (BOM:512341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CES Ltd (BOM:512341) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7th Floor, Tower-A, Ramky Selenium, Nanakramguda, Gachibowli, Hyderabad, TG, IND, 500032

Website

https://www.cesltd.com

CES Ltd together with its subsidiaries is an Information Technology and Information Technology Enabled Services provider, dedicated to serving the midsize market of global enterprises. The company provides services that are tailor-made to each customer. The company's services include product engineering, application lifecycle management, enterprise application, e-commerce support alternative asset management services. Its segments include IT Services and IT Enabled Services, which generate the majority of the company's revenue. Geographically the company generates revenue from the USA and India.

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