Dev Labtech Venture (BOM:543848) ROCE % : 2.52% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Dev Labtech Venture 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. Dev Labtech Venture's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.52%.

Dev Labtech Venture ROCE % Historical Data

The historical data trend for Dev Labtech Venture'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.

* Premium members only.

Dev Labtech Venture ROCE % Chart

Dev Labtech Venture Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

7.85

7.62

23.89

13.07

8.29

Dev Labtech Venture Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	31.83	8.48	15.91	2.52

Dev Labtech Venture ROCE % Calculation

Dev Labtech Venture'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 )
	=	19.49	/	( ( (237.248 - 37.099)	+	(286.689 - 16.878) )	/ 2 )
	=	19.49	/	( (200.149	+	269.811)	/ 2 )
	=	19.49	/	234.98
	=	8.29 %

Dev Labtech Venture'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 )
	=	6.09	/	( ( (241.329 - 27.92)	+	(286.689 - 16.878) )	/ 2 )
	=	6.09	/	( ( 213.409	+	269.811 )	/ 2 )
	=	6.09	/	241.61
	=	2.52 %

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

Dev Labtech Venture (BOM:543848) 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.

Dev Labtech Venture ROCE % Related Terms

Thank you for viewing the detailed overview of Dev Labtech Venture's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Dev Labtech Venture (BOM:543848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Dev Labtech Venture Ltd (BOM:543848) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Dairy Road, Near Nilambaug Circle, GF/22-23, Pattani Plaza, Bhavnagar, GJ, IND, 364002

Website

https://www.devlabtechventure.com

Dev Labtech Venture Ltd is engaged in the business of manufacturing, marketing and sourcing of diamonds: Natural and Lab grown having wide application in Jewelry. It operates in both domestic and export markets. It exports its products to United States and Hong Kong.

Dev Labtech Venture (BOM:543848) Headlines

No Headlines