All E Technologies (NSE:ALLETEC) ROCE % : 26.45% (As of Sep. 2024)

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What is All E Technologies 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. All E Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 26.45%.

All E Technologies ROCE % Historical Data

The historical data trend for All E Technologies'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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All E Technologies ROCE % Chart

All E Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

8.31

32.52

25.44

20.26

23.25

All E Technologies Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial									23.29	25.85	24.34	26.57	26.45

All E Technologies ROCE % Calculation

All E Technologies'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 )
	=	262.082	/	( ( (1237.561 - 204.376)	+	(1518.44 - 297.02) )	/ 2 )
	=	262.082	/	( (1033.185	+	1221.42)	/ 2 )
	=	262.082	/	1127.3025
	=	23.25 %

All E Technologies's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	352.752	/	( ( (0 - 0)	+	(1705.845 - 372.263) )	/ 1 )
	=	352.752	/	( ( 0	+	1333.582 )	/ 1 )
	=	352.752	/	1333.582
	=	26.45 %

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

All E Technologies (NSE:ALLETEC) 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.

All E Technologies ROCE % Related Terms

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All E Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » All E Technologies Ltd (NSE:ALLETEC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-1, Sector-58, Noida, UP, IND, 201301

Website

https://www.alletec.com

All E Technologies Ltd is a Microsoft business application and digital transformation company. It offers Microsoft Dynamics 365, Power Platform, Data & AI powered by Microsoft Azure, and Collaboration platforms. The company also provides offshore technology services to some large Microsoft business application partners in the USA and Europe.

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