LYT (Lytus Technologies Holdings Pvt) ROCE % : 25.72% (As of Mar. 2024)

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What is Lytus Technologies Holdings Pvt 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. Lytus Technologies Holdings Pvt's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.72%.

Lytus Technologies Holdings Pvt ROCE % Historical Data

The historical data trend for Lytus Technologies Holdings Pvt'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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Lytus Technologies Holdings Pvt ROCE % Chart

Lytus Technologies Holdings Pvt Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.72

2.75

-2.78

8.15

Lytus Technologies Holdings Pvt Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial					1.82	-1.74	-2.13	-11.89	25.72

Lytus Technologies Holdings Pvt ROCE % Calculation

Lytus Technologies Holdings Pvt'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 )
	=	1.191	/	( ( (26.886 - 15.259)	+	(31.563 - 13.975) )	/ 2 )
	=	1.191	/	( (11.627	+	17.588)	/ 2 )
	=	1.191	/	14.6075
	=	8.15 %

Lytus Technologies Holdings Pvt'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 )
	=	3.77	/	( ( (30.739 - 19.014)	+	(31.563 - 13.975) )	/ 2 )
	=	3.77	/	( ( 11.725	+	17.588 )	/ 2 )
	=	3.77	/	14.6565
	=	25.72 %

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

Lytus Technologies Holdings Pvt (NAS:LYT) 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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Lytus Technologies Holdings Pvt Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lytus Technologies Holdings Pvt Ltd (NAS:LYT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Meydan Hotel, Nad Al Sheba, Business Center 1, M Floor, Dubai, ARE

Website

https://www.lytuscorp.com

Lytus Technologies Holdings Pvt Ltd is a platform services company primarily providing content streaming/telecasting services to users located all across India. Its scope of business also covers telemedicine services with local assistance through local Health Centers. Through its platform, the customers are well connected via customer premises equipment (CPE) devices/set-top boxes (STBs) and have access to multi-dimensional services including telemedicine service.