Virtualsoft Systems (BOM:531126) ROCE % : -18.87% (As of Dec. 2023)

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What is Virtualsoft Systems 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. Virtualsoft Systems's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.87%.

Virtualsoft Systems ROCE % Historical Data

The historical data trend for Virtualsoft Systems'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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Virtualsoft Systems ROCE % Chart

Virtualsoft Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-24.70

-26.33

-17.48

-15.48

-23.35

Virtualsoft Systems 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															-20.02	-28.30	-7.62	-14.13	-18.87

Virtualsoft Systems ROCE % Calculation

Virtualsoft Systems'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 )
	=	-40.381	/	( ( (220.717 - 45.513)	+	(219.722 - 49.033) )	/ 2 )
	=	-40.381	/	( (175.204	+	170.689)	/ 2 )
	=	-40.381	/	172.9465
	=	-23.35 %

Virtualsoft Systems'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 )
	=	-34.512	/	( ( (222.787 - 39.875)	+	(0 - 0) )	/ 1 )
	=	-34.512	/	( ( 182.912	+	0 )	/ 1 )
	=	-34.512	/	182.912
	=	-18.87 %

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

Virtualsoft Systems (BOM:531126) 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.

Virtualsoft Systems ROCE % Related Terms

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Virtualsoft Systems (BOM:531126) Business Description

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Address

59, Okhla Industrial Estate, Phase-III, New Delhi, IND, 110020

Website

http://www.virtsoft.com

Virtualsoft Systems Ltd is an Indian firm engaged in roaming, communications, and collaboration platforms, apps, and solutions to provide consumers and enterprises with communication services. The firm offers Pioneering Broadband, Virtual Event, and Providing Mobile Roaming Services and Solutions. It operates only in the Indian market. Its product line consists of Vreach, V code. Substantial revenue is generated from sales within India.

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