Athena Global Technologies (BOM:517429) ROCE % : -0.26% (As of Dec. 2024)

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What is Athena Global Technologies 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. Athena Global Technologies's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.26%.

Athena Global Technologies ROCE % Historical Data

The historical data trend for Athena Global Technologies'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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Athena Global Technologies ROCE % Chart

Athena Global Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-17.59

-10.18

2.29

-25.57

126.07

Athena Global Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-16.05	329.78	-3.25	-1.01	-0.26

Athena Global Technologies ROCE % Calculation

Athena Global Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	2168.685	/	( ( (949.742 - 233.653)	+	(3249.902 - 525.413) )	/ 2 )
	=	2168.685	/	( (716.089	+	2724.489)	/ 2 )
	=	2168.685	/	1720.289
	=	126.07 %

Athena Global Technologies's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-7.152	/	( ( (3337.89 - 582.908)	+	(0 - 0) )	/ 1 )
	=	-7.152	/	( ( 2754.982	+	0 )	/ 1 )
	=	-7.152	/	2754.982
	=	-0.26 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Athena Global Technologies (BOM:517429) 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.

Athena Global Technologies ROCE % Related Terms

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Athena Global Technologies Business Description

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Address

Sy.No 8A & 8B1 in Survey Nos. 83/1, Serilingampally Mandal, 2nd floor, Unit No. 203 Gowra Palladium, Ranga Reddy District, Hyderabad, TG, IND, 500081

Website

https://www.athenagt.com

Athena Global Technologies Ltd is a software development company. It is principally engaged in offering software development and consulting services. The company offers services such as application development, chatbots, and voice bots, robotic process automation, IoT-based solutions, data science, blockchain, and artificial intelligence, product engineering, and QA and testing. It caters to various industries, including financial, healthcare, oil, and pharmaceuticals, retail, business services, education, IT, and government. The company operates in the following segments; Software services, Real Estate, Online Pharmacy platform services, Online Trade of pharmaceuticals products, and Online Education services.

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