Danlaw Technologies India (BOM:532329) ROCE % : 41.92% (As of Dec. 2023)

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What is Danlaw Technologies India 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. Danlaw Technologies India's annualized ROCE % for the quarter that ended in Dec. 2023 was 41.92%.

Danlaw Technologies India ROCE % Historical Data

The historical data trend for Danlaw Technologies India'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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Danlaw Technologies India ROCE % Chart

Danlaw Technologies India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-3.64

-17.24

8.55

12.68

21.09

Danlaw Technologies India 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															26.68	26.20	30.41	39.47	41.92

Danlaw Technologies India ROCE % Calculation

Danlaw Technologies India'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 )
	=	137.526	/	( ( (902.147 - 324.632)	+	(1124.814 - 398.239) )	/ 2 )
	=	137.526	/	( (577.515	+	726.575)	/ 2 )
	=	137.526	/	652.045
	=	21.09 %

Danlaw Technologies India'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 )
	=	354.368	/	( ( (1222.779 - 377.498)	+	(0 - 0) )	/ 1 )
	=	354.368	/	( ( 845.281	+	0 )	/ 1 )
	=	354.368	/	845.281
	=	41.92 %

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

Danlaw Technologies India (BOM:532329) 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.

Danlaw Technologies India ROCE % Related Terms

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Danlaw Technologies India (BOM:532329) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Danlaw Technologies India Ltd (BOM:532329) » Definitions » ROCE %

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Address

Unit No. 201,202 & 203, Gowra Fountainhead, Huda Techno Enclave, Patrikanagar, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.danlawtechnologies.com

Danlaw Technologies India Ltd is providing engineering, software development consulting services, and Industrial electronics to the Automotive and aerospace industries. Its products include the DataLogger device, Telematics product, Body control products and testing products. The company generates revenue from the sale of products and services, where the majority of its revenue is from the sale of products.

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