Dixon Technologies (India) (NSE:DIXON) ROCE % : 63.04% (As of Sep. 2024)

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What is Dixon Technologies (India) 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. Dixon Technologies (India)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 63.04%.

Dixon Technologies (India) ROCE % Historical Data

The historical data trend for Dixon Technologies (India)'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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Dixon Technologies (India) ROCE % Chart

Dixon Technologies (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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31.15

29.80

23.64

24.46

28.27

Dixon Technologies (India) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															33.48	29.90	26.12	37.00	63.04

Dixon Technologies (India) ROCE % Calculation

Dixon Technologies (India)'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 )
	=	5651.9	/	( ( (46794.3 - 29409.9)	+	(69914.5 - 47316.2) )	/ 2 )
	=	5651.9	/	( (17384.4	+	22598.3)	/ 2 )
	=	5651.9	/	19991.35
	=	28.27 %

Dixon Technologies (India)'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 )
	=	22674	/	( ( (0 - 0)	+	(161206.8 - 125238.1) )	/ 1 )
	=	22674	/	( ( 0	+	35968.7 )	/ 1 )
	=	22674	/	35968.7
	=	63.04 %

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

Dixon Technologies (India) (NSE:DIXON) 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.

Dixon Technologies (India) ROCE % Related Terms

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Dixon Technologies (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Dixon Technologies (India) Ltd (NSE:DIXON) » Definitions » ROCE %

Traded in Other Exchanges

540699:India

Address

B-14 and 15, Phase-II, District Gautam Buddha Nagar, Noida, UP, IND, 201 305

Website

https://www.dixoninfo.com

Dixon Technologies (India) Ltd provides electronic manufacturing services (EMS) to its customers, serving as an original equipment manufacturer (OEM) as well as an original design manufacturer (ODM) for various brands. It is engaged in the manufacture of electronic products such as consumer durables, home appliances, lighting products, mobile phones, telecom products, and security devices. The company engages in domestic sales of goods as well as exports its products outside India, of which a majority of its revenue is generated from the domestic market.

Dixon Technologies (India) Headlines

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