HOV Services (BOM:532761) ROCE % : 24.77% (As of Dec. 2024)

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What is HOV Services 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. HOV Services's annualized ROCE % for the quarter that ended in Dec. 2024 was 24.77%.

HOV Services ROCE % Historical Data

The historical data trend for HOV Services'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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HOV Services ROCE % Chart

HOV Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.06

5.09

4.80

20.27

16.04

HOV Services 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															14.80	19.06	18.91	18.39	24.77

HOV Services ROCE % Calculation

HOV Services'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 )
	=	37.85	/	( ( (376.662 - 140.289)	+	(356.882 - 121.435) )	/ 2 )
	=	37.85	/	( (236.373	+	235.447)	/ 2 )
	=	37.85	/	235.91
	=	16.04 %

HOV Services'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 )
	=	60.54	/	( ( (387.427 - 142.999)	+	(0 - 0) )	/ 1 )
	=	60.54	/	( ( 244.428	+	0 )	/ 1 )
	=	60.54	/	244.428
	=	24.77 %

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

HOV Services (BOM:532761) 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.

HOV Services ROCE % Related Terms

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HOV Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » HOV Services Ltd (BOM:532761) » Definitions » ROCE %

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HOVS:India

Address

Pune Satara Road, 3rd Floor, Sharda Arcade, Bibwewadi, Pune, MH, IND, 411037

Website

https://www.hovsltd.com

HOV Services Ltd operates as a hybrid between an investment company and a diversified services corporation. The company is engaged in providing information technology (IT) and IT-enabled services, such as data entry services, software development, and support services. It also provides business process outsourcing (BPO) services. Its Software and IT Enabled Services segment acts as a key revenue driver for the firm.

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