Zen Technologies (BOM:533339) ROCE % : 20.69% (As of Sep. 2024)

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What is Zen 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. Zen Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.69%.

Zen Technologies ROCE % Historical Data

The historical data trend for Zen 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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Zen Technologies ROCE % Chart

Zen Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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34.26

2.16

1.48

23.60

45.84

Zen Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															22.23	44.35	42.23	92.76	20.69

Zen Technologies ROCE % Calculation

Zen Technologies'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 )
	=	1866.129	/	( ( (4736.953 - 1401.521)	+	(7505.025 - 2699.066) )	/ 2 )
	=	1866.129	/	( (3335.432	+	4805.959)	/ 2 )
	=	1866.129	/	4070.6955
	=	45.84 %

Zen Technologies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	3385.268	/	( ( (0 - 0)	+	(18874.862 - 2515.382) )	/ 1 )
	=	3385.268	/	( ( 0	+	16359.48 )	/ 1 )
	=	3385.268	/	16359.48
	=	20.69 %

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

Zen Technologies (BOM:533339) 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.

Zen Technologies ROCE % Related Terms

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Zen Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Zen Technologies Ltd (BOM:533339) » Definitions » ROCE %

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ZENTEC:India

Address

B-42, Industrial Estate, Sanathnagar, Hyderabad, TG, IND, 500018

Website

https://www.zentechnologies.com

Zen Technologies Ltd is engaged in the design, development, and manufacture of training simulators. The products of the company are; Weapon Simulator, Hand Grenade Simulator, Driving Training Simulator, BMP-II Driving Simulator, Forward Observer Simulator, Tactical Engagement Simulator and among others. The firm offers its products to police and paramilitary forces, armed forces, security forces, government departments, such as transport, mining, infrastructure, and civilian markets. The company caters to both domestic and international markets.

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