Route Mobile (BOM:543228) ROCE % : 19.19% (As of Mar. 2024)

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What is Route Mobile 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. Route Mobile's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.19%.

Route Mobile ROCE % Historical Data

The historical data trend for Route Mobile'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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Route Mobile ROCE % Chart

Route Mobile Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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29.28

34.68

15.02

19.61

21.25

Route Mobile Quarterly Data
	Mar18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															25.44	23.85	20.49	25.03	19.19

Route Mobile ROCE % Calculation

Route Mobile'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 )
	=	4823.3	/	( ( (28853.3 - 7831.6)	+	(34719.4 - 10352.5) )	/ 2 )
	=	4823.3	/	( (21021.7	+	24366.9)	/ 2 )
	=	4823.3	/	22694.3
	=	21.25 %

Route Mobile'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 )
	=	4676.4	/	( ( (0 - 0)	+	(34719.4 - 10352.5) )	/ 1 )
	=	4676.4	/	( ( 0	+	24366.9 )	/ 1 )
	=	4676.4	/	24366.9
	=	19.19 %

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

Route Mobile (BOM:543228) 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.

Route Mobile ROCE % Related Terms

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Route Mobile (BOM:543228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Route Mobile Ltd (BOM:543228) » Definitions » ROCE %

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ROUTE:India

Address

4th Dimension, 3rd Floor, Mind space, Malad (West), Mumbai, MH, IND, 400 064

Website

https://www.routemobile.com

Route Mobile Ltd is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). Its range of enterprise communication services includes smart solutions in Messaging, Voice, Email, SMS Filtering, Analytics, and Monetization. The company's products and services include Messaging; Operator; Voice; Email; Identity Solution; and Bespoke Solutions. Its geographical operations are spread across India, Dubai, United Kingdom and Nigeria.

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