TeamLease Services (BOM:539658) ROCE % : 11.74% (As of Sep. 2024)

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What is TeamLease 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. TeamLease Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.74%.

TeamLease Services ROCE % Historical Data

The historical data trend for TeamLease 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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TeamLease Services ROCE % Chart

TeamLease Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.81

13.22

6.15

12.98

12.71

TeamLease Services 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															13.44	15.18	12.84	9.26	11.74

TeamLease Services ROCE % Calculation

TeamLease 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 )
	=	1279.6	/	( ( (17677.8 - 7566)	+	(19368.7 - 9340) )	/ 2 )
	=	1279.6	/	( (10111.8	+	10028.7)	/ 2 )
	=	1279.6	/	10070.25
	=	12.71 %

TeamLease Services'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 )
	=	1210.8	/	( ( (0 - 0)	+	(22206.5 - 11889.9) )	/ 1 )
	=	1210.8	/	( ( 0	+	10316.6 )	/ 1 )
	=	1210.8	/	10316.6
	=	11.74 %

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

TeamLease Services (BOM:539658) 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.

TeamLease Services ROCE % Related Terms

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TeamLease Services Business Description

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TEAMLEASE:India

Address

Jyothi Nivas College Road, 315 Work Avenue Campus, Ascent Building, Number 77, Koramangala Industrial Layout, Koramangala, Bengaluru, KA, IND, 560095

Website

https://group.teamlease.com

TeamLease Services Ltd provides human resource services. Its employment services include temporary staffing solutions, permanent recruitment services, and regulatory consultancy for labor law compliance. Its segments are General Staffing and Allied Services, which include Staffing, Temporary Recruitment and Payroll & NETAP, and Other HR Services segments, which Comprises of Regulatory Compliance and Training, etc. The General staffing and Allied Services segment generates the majority of revenue. Geographically the company operates in India and outside India, where the major revenue is generated from India itself.

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