Chetana Education (NSE:CHETANA) ROCE % : 63.57% (As of Mar. 2024)

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What is Chetana Education 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. Chetana Education's annualized ROCE % for the quarter that ended in Mar. 2024 was 63.57%.

Chetana Education ROCE % Historical Data

The historical data trend for Chetana Education'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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Chetana Education ROCE % Chart

Chetana Education Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

22.52

48.65

63.57

Chetana Education Semi-Annual Data
	Mar22	Mar23	Mar24
ROCE %	22.52	48.65	63.57

Chetana Education ROCE % Calculation

Chetana Education'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 )
	=	204.831	/	( ( (831.508 - 530.281)	+	(947.509 - 604.278) )	/ 2 )
	=	204.831	/	( (301.227	+	343.231)	/ 2 )
	=	204.831	/	322.229
	=	63.57 %

Chetana Education'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	204.831	/	( ( (831.508 - 530.281)	+	(947.509 - 604.278) )	/ 2 )
	=	204.831	/	( ( 301.227	+	343.231 )	/ 2 )
	=	204.831	/	322.229
	=	63.57 %

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

Chetana Education (NSE:CHETANA) 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.

Chetana Education ROCE % Related Terms

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Chetana Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chetana Education Ltd (NSE:CHETANA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Delisle Road, 401, E-Wing, B & C Block, Trade Link, Kamala Mill, Mumbai, MH, IND, 400013

Website

https://www.chetanaeducation.com

Chetana Education Ltd is a content-based company, engaged in educational book publishing for the CBSE/State Board curriculum catering to the K-12 segment. It provide access to educational software for learning videos (for teachers and Students) accessible through QR (Quick Response) codes. The company is focus on serving the Maharashtra State Board and Central Board of Secondary Education (CBSE), covering the spectrum of education books from early pre-primary learning to K12 course.

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