Bartronics India (BOM:532694) ROCE % : -0.12% (As of Dec. 2023)

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What is Bartronics 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. Bartronics India's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.12%.

Bartronics India ROCE % Historical Data

The historical data trend for Bartronics 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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Bartronics India ROCE % Chart

Bartronics India Annual Data

Trend

Mar11

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-12.75

3.60

1.58

1.87

154.05

Bartronics 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															-5.72	347.52	0.39	-13.20	-0.12

Bartronics India ROCE % Calculation

Bartronics 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 )
	=	4580.618	/	( ( (16189.432 - 15524.662)	+	(7499.932 - 2217.626) )	/ 2 )
	=	4580.618	/	( (664.77	+	5282.306)	/ 2 )
	=	4580.618	/	2973.538
	=	154.05 %

Bartronics 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 )
	=	-0.296	/	( ( (274.513 - 25.769)	+	(0 - 0) )	/ 1 )
	=	-0.296	/	( ( 248.744	+	0 )	/ 1 )
	=	-0.296	/	248.744
	=	-0.12 %

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

Bartronics India (BOM:532694) 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.

Bartronics India ROCE % Related Terms

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Bartronics India (BOM:532694) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Bartronics India Ltd (BOM:532694) » Definitions » ROCE %

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ASMS:India

Address

Kavuri Hills, GB Pet, 1st Floor, SV Chambers, Plot No 193, Block-B, Madhapur, Hyderabad, TG, IND, 500 033

Website

https://www.bartronics.com

Bartronics India Ltd is an Information Technology (IT) services and business solution provider. The company provides Automatic Identification and Data Capture (AIDC) Solutions. Its services include application development, application management, enterprise solutions, IT infrastructure management and strategic sourcing. It manufactures smart cards which are delivering technology solutions to enterprises across the world and Radio Frequency Identification (RFID) equipment for tracking goods and assets around the world. Majority of its revenue is generated within India by providing solutions using AIDC technologies.

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