NINtec Systems (BOM:539843) ROCE % : 69.42% (As of Sep. 2023)

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What is NINtec Systems 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. NINtec Systems's annualized ROCE % for the quarter that ended in Sep. 2023 was 69.42%.

NINtec Systems ROCE % Historical Data

The historical data trend for NINtec Systems'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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NINtec Systems ROCE % Chart

NINtec Systems Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.44

15.77

28.23

42.87

70.57

NINtec Systems Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial													27.19	41.39	44.95	69.42	-

NINtec Systems ROCE % Calculation

NINtec Systems'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 )
	=	204.768	/	( ( (255.464 - 55.739)	+	(599.621 - 219.011) )	/ 2 )
	=	204.768	/	( (199.725	+	380.61)	/ 2 )
	=	204.768	/	290.1675
	=	70.57 %

NINtec Systems's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	159.71	/	( ( (255.464 - 55.739)	+	(336.062 - 75.679) )	/ 2 )
	=	159.71	/	( ( 199.725	+	260.383 )	/ 2 )
	=	159.71	/	230.054
	=	69.42 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

NINtec Systems (BOM:539843) 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.

NINtec Systems ROCE % Related Terms

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NINtec Systems (BOM:539843) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » NINtec Systems Ltd (BOM:539843) » Definitions » ROCE %

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NINSYS:India

Address

S.G. Highway, B-11, Corporate House, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.nintecsystems.com

NINtec Systems Ltd is an offshore software development services and solutions company. The firm is involved in computer programming, consultancy, and related activities. The company provides services like Application Development and Maintenance, Strategic Offshore Software Product Development, Legacy System Development and Software Migration, and Search Engine Optimization. The firm specializes in areas of Dot Net Development, Game Development, PHP Development, ERP Wireless, Mobile and WAP Development. The group has also integrated cloud services into its existing business platform. The company serves industries such as Automotive, Print media and Publishing, Banking, Financial Services, and Insurance, and Transportation and Logistics sector.

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