Canarys Automations (NSE:CANARYS) ROCE % : 60.93% (As of Mar. 2023)

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What is Canarys Automations 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. Canarys Automations's annualized ROCE % for the quarter that ended in Mar. 2023 was 60.93%.

Canarys Automations ROCE % Historical Data

The historical data trend for Canarys Automations'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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Canarys Automations ROCE % Chart

Canarys Automations Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

23.22

44.47

60.93

Canarys Automations Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	23.22	44.47	60.93

Canarys Automations ROCE % Calculation

Canarys Automations's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	130.773	/	( ( (475.357 - 303.706)	+	(637.789 - 380.17) )	/ 2 )
	=	130.773	/	( (171.651	+	257.619)	/ 2 )
	=	130.773	/	214.635
	=	60.93 %

Canarys Automations's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	130.773	/	( ( (475.357 - 303.706)	+	(637.789 - 380.17) )	/ 2 )
	=	130.773	/	( ( 171.651	+	257.619 )	/ 2 )
	=	130.773	/	214.635
	=	60.93 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Canarys Automations (NSE:CANARYS) 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.

Canarys Automations ROCE % Related Terms

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Canarys Automations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Canarys Automations Ltd (NSE:CANARYS) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

30th Main, Attimabbe Road, No. 566 & 567, 2nd Floor, Banagirinagara, Banashankari 3rd Stage, Bengaluru, KA, IND, 560085

Website

https://www.ecanarys.com

Canarys Automations Ltd is a leading IT solutions provider. Its expertise lies in enabling digital transformation for businesses through its comprehensive range of software solutions in the space of Digitalization, Modernization, Automation and Intelligence.

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