Wherrelz IT Solutions (BOM:543436) ROCE % : 34.10% (As of Mar. 2024)

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What is Wherrelz IT Solutions 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. Wherrelz IT Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.10%.

Wherrelz IT Solutions ROCE % Historical Data

The historical data trend for Wherrelz IT Solutions'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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Wherrelz IT Solutions ROCE % Chart

Wherrelz IT Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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76.14

26.54

-77.74

-3.16

6.76

Wherrelz IT Solutions Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				-42.67	-5.94	-0.42	-20.66	34.10

Wherrelz IT Solutions ROCE % Calculation

Wherrelz IT Solutions'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 )
	=	0.945	/	( ( (14.042 - 0.554)	+	(399.652 - 385.189) )	/ 2 )
	=	0.945	/	( (13.488	+	14.463)	/ 2 )
	=	0.945	/	13.9755
	=	6.76 %

Wherrelz IT Solutions'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	4.54	/	( ( (12.893 - 0.732)	+	(399.652 - 385.189) )	/ 2 )
	=	4.54	/	( ( 12.161	+	14.463 )	/ 2 )
	=	4.54	/	13.312
	=	34.10 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Wherrelz IT Solutions (BOM:543436) 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.

Wherrelz IT Solutions ROCE % Related Terms

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Wherrelz IT Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wherrelz IT Solutions Ltd (BOM:543436) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Plot No. 15, Road 10, Sector 1, New Panvel East, Raigarh, MH, IND, 410 206

Website

https://www.wherrelz.in

Wherrelz IT Solutions Ltd is engaged in the business of web-centric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy. The company provides a wide range of services such as Enterprise Risk Management, Enterprise Resource Planning, E-Commerce, Application programming interface, Cyber Security, Internet of Things, cloud-based tools and others through standard software development model or customized software development model depending upon the requirement of the clients.

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