Quick Heal Technologies (BOM:539678) ROCE % : 25.72% (As of Mar. 2024)

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What is Quick Heal 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. Quick Heal Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.72%.

Quick Heal Technologies ROCE % Historical Data

The historical data trend for Quick Heal 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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Quick Heal Technologies ROCE % Chart

Quick Heal Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.72

17.95

12.98

1.53

6.12

Quick Heal Technologies 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															2.11	-17.10	7.77	8.43	25.72

Quick Heal Technologies ROCE % Calculation

Quick Heal 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 )
	=	263.4	/	( ( (4933 - 719.4)	+	(5126.3 - 733) )	/ 2 )
	=	263.4	/	( (4213.6	+	4393.3)	/ 2 )
	=	263.4	/	4303.45
	=	6.12 %

Quick Heal Technologies'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 )
	=	1130	/	( ( (0 - 0)	+	(5126.3 - 733) )	/ 1 )
	=	1130	/	( ( 0	+	4393.3 )	/ 1 )
	=	1130	/	4393.3
	=	25.72 %

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

Quick Heal Technologies (BOM:539678) 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.

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Quick Heal Technologies (BOM:539678) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Quick Heal Technologies Ltd (BOM:539678) » Definitions » ROCE %

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QUICKHEAL:India

Address

7th Floor, Viman Nagar, Marvel Edge, Office Number 7010 C & D, Opposite Neco Garden Society, Pune, MH, IND, 411014

Website

https://www.quickheal.com

Quick Heal Technologies Ltd is an India-based IT security solutions company. It is engaged in offering software security products and solutions. The company serves clients in various industries including manufacturing, BFSI, healthcare, hospitality, educational institutions, government organizations, emerging e-commerce, and the service sector. The group reports the operating segments based on the target customer groups to bring Retail; Enterprise and Government; and Mobile. It has a business presence in India and foreign countries, of which maximum revenue is derived within India. Its product range consists of Quick Heal Total Security, Quick Heal Internet Security, Quick Heal AntiVirus Pro, Quick Heal Total Security for Mac, Quick Heal PCTuner 3.0, and Guardian NetSecure.

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