Droneacharya Aerial Innovations (BOM:543713) ROCE % : 8.44% (As of Mar. 2024)

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What is Droneacharya Aerial Innovations 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. Droneacharya Aerial Innovations's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.44%.

Droneacharya Aerial Innovations ROCE % Historical Data

The historical data trend for Droneacharya Aerial Innovations'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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Droneacharya Aerial Innovations ROCE % Chart

Droneacharya Aerial Innovations Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

-28.27

6.95

11.46

12.01

Droneacharya Aerial Innovations Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	2.41	13.50	15.56	8.44

Droneacharya Aerial Innovations ROCE % Calculation

Droneacharya Aerial Innovations'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 )
	=	83.65	/	( ( (697.188 - 31.926)	+	(761.596 - 34.396) )	/ 2 )
	=	83.65	/	( (665.262	+	727.2)	/ 2 )
	=	83.65	/	696.231
	=	12.01 %

Droneacharya Aerial Innovations'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 )
	=	60.522	/	( ( (738.253 - 31.025)	+	(761.596 - 34.396) )	/ 2 )
	=	60.522	/	( ( 707.228	+	727.2 )	/ 2 )
	=	60.522	/	717.214
	=	8.44 %

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

Droneacharya Aerial Innovations (BOM:543713) 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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Droneacharya Aerial Innovations (BOM:543713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneacharya Aerial Innovations Ltd (BOM:543713) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

New No. 51, (Old No.14) Richmond Road, Cabin No. - 10, 5th Floor, IndiQube Penta, Bangalore, KA, IND, 560025

Website

https://www.droneacharya.com

Droneacharya Aerial Innovations Ltd provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations, The main operations of the company are Imparting the Drone operation Training, Drone supply and Maintenance services , Management Consultancy and training services. Drone pilot training & specialized GIS training. The company's offerings can be classified into four broad categories namely, Training, Services, Surveillance and others.

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