Innovative Ideals and Services (India) (BOM:541983) ROCE % : -8.20% (As of Sep. 2023)

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What is Innovative Ideals and Services (India) 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. Innovative Ideals and Services (India)'s annualized ROCE % for the quarter that ended in Sep. 2023 was -8.20%.

Innovative Ideals and Services (India) ROCE % Historical Data

The historical data trend for Innovative Ideals and Services (India)'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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Innovative Ideals and Services (India) ROCE % Chart

Innovative Ideals and Services (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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34.23

-9.95

-24.59

-20.89

-50.01

Innovative Ideals and Services (India) Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial											0.87	-43.30	2.34	-101.49	-8.20

Innovative Ideals and Services (India) ROCE % Calculation

Innovative Ideals and Services (India)'s annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-93.427	/	( ( (355.265 - 138.292)	+	(302.892 - 146.223) )	/ 2 )
	=	-93.427	/	( (216.973	+	156.669)	/ 2 )
	=	-93.427	/	186.821
	=	-50.01 %

Innovative Ideals and Services (India)'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 )
	=	-13.806	/	( ( (302.892 - 146.223)	+	(302.926 - 122.86) )	/ 2 )
	=	-13.806	/	( ( 156.669	+	180.066 )	/ 2 )
	=	-13.806	/	168.3675
	=	-8.20 %

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

Innovative Ideals and Services (India) (BOM:541983) 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.

Innovative Ideals and Services (India) ROCE % Related Terms

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Innovative Ideals and Services (India) (BOM:541983) Business Description

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Ajit Glass Road, E- 202, 2nd Floor, Skypark, Near Oshiwara Garden, Oshiwara, Goregoan (West), Mumbai, MH, IND, 400104

Website

https://www.innovative.in

Innovative Ideals and Services (India) Ltd is engaged in the business of providing products and solutions in the electronics security space. It offers integrated security and surveillance solutions with high-tech electronic systems, such as Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems, and Telecom Products. Its brand name comprises of Onyx, Inok, ehomes, Yale, and others. Geographically, the activities are carried out through India.

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