Melstar Information Technologies (BOM:532307) ROCE % : 0.00% (As of Dec. 2020)

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What is Melstar Information 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. Melstar Information Technologies's annualized ROCE % for the quarter that ended in Dec. 2020 was 0.00%.

Melstar Information Technologies ROCE % Historical Data

The historical data trend for Melstar Information 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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Melstar Information Technologies ROCE % Chart

Melstar Information Technologies Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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20.73

-34.46

-20.11

47.52

Melstar Information Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															-77.31	-	-	-	-

Melstar Information Technologies ROCE % Calculation

Melstar Information Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-43.749	/	( ( (137.87 - 123.044)	+	(120.485 - 152.412) )	/ 2 )
	=	-43.749	/	( (14.826	+	-31.927)	/ 2 )
	=	-43.749	/	-8.5505
	=	511.65 %

Melstar Information Technologies's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-8.336	/	( ( (112.942 - 149.505)	+	(0 - 0) )	/ 1 )
	=	-8.336	/	( ( -36.563	+	0 )	/ 1 )
	=	-8.336	/	-36.563
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Melstar Information Technologies (BOM:532307) 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.

Melstar Information Technologies ROCE % Related Terms

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Melstar Information Technologies (BOM:532307) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Melstar Information Technologies Ltd (BOM:532307) » Definitions » ROCE %

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Address

159, 5th Floor, Industry House, Reclamation, Churchgate, Mumbai, MH, IND, 400020

Website

http://www.melstar.com

Melstar Information Technologies Ltd is a software service company. It is an Information Technology (IT) solution provider to the banking, insurance, government, and IT sectors. The company provides services such as application services, application development, application management, enterprise application services, Business Practices, and Technology practices.

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