Allied Digital Services (BOM:532875) ROCE % : 12.53% (As of Mar. 2024)

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What is Allied Digital 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. Allied Digital Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.53%.

Allied Digital Services ROCE % Historical Data

The historical data trend for Allied Digital 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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Allied Digital Services ROCE % Chart

Allied Digital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.97

5.30

13.75

13.11

11.00

Allied Digital Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.75	9.49	11.00	11.30	12.53

Allied Digital Services ROCE % Calculation

Allied Digital 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 )
	=	681.8	/	( ( (6948.7 - 1087.3)	+	(7780.4 - 1243) )	/ 2 )
	=	681.8	/	( (5861.4	+	6537.4)	/ 2 )
	=	681.8	/	6199.4
	=	11.00 %

Allied Digital Services's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	819.2	/	( ( (0 - 0)	+	(7780.4 - 1243) )	/ 1 )
	=	819.2	/	( ( 0	+	6537.4 )	/ 1 )
	=	819.2	/	6537.4
	=	12.53 %

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

Allied Digital Services (BOM:532875) 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.

Allied Digital Services ROCE % Related Terms

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Allied Digital Services (BOM:532875) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Allied Digital Services Ltd (BOM:532875) » Definitions » ROCE %

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ADSL:India

Address

NCPA Road, Block No. III, Nariman Point, Premises No. 13A, 13th Floor, Earnest House, Backbay Reclamation, Mumbai, MH, IND, 400 021

Website

https://www.allieddigital.net

Allied Digital Services Ltd is an Indian-based information technology service and solutions offering company. The company provides a wide range of information technology and consultancy services such as infrastructure services, end-user IT support, IT asset lifecycle, enterprise applications, and integrated solutions. The business activity of the firm is operated through the Enterprise Computing based Solutions and Infrastructure Management based Solutions segments. Geographically the business presence of the firm is seen across the region of India, the United States, the UK, Singapore, Australia, Ireland, Brazil, Japan, and China.

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