Drone Destination (NSE:DRONE) ROCE % : 33.31% (As of Mar. 2023)

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What is Drone Destination 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. Drone Destination's annualized ROCE % for the quarter that ended in Mar. 2023 was 33.31%.

Drone Destination ROCE % Historical Data

The historical data trend for Drone Destination'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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Drone Destination ROCE % Chart

Drone Destination Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

-11.10

25.64

33.31

Drone Destination Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	-11.10	25.64	33.31

Drone Destination ROCE % Calculation

Drone Destination'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 )
	=	33.96	/	( ( (27.83 - 10.555)	+	(235.933 - 49.293) )	/ 2 )
	=	33.96	/	( (17.275	+	186.64)	/ 2 )
	=	33.96	/	101.9575
	=	33.31 %

Drone Destination'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 )
	=	33.96	/	( ( (27.83 - 10.555)	+	(235.933 - 49.293) )	/ 2 )
	=	33.96	/	( ( 17.275	+	186.64 )	/ 2 )
	=	33.96	/	101.9575
	=	33.31 %

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

Drone Destination (NSE:DRONE) 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.

Drone Destination ROCE % Related Terms

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Drone Destination (NSE:DRONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Drone Destination Ltd (NSE:DRONE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-13, Ground Floor, Panchsheel Enclave, Delhi, IND, 110017

Website

https://www.thedronedestination.com

Drone Destination Ltd is a DGCA-authorized Remote Pilot Training Organization that has developed an integrated drone eco-system built around drone manufacturing, certified training, services, and renting a drone. The company operates the largest network of DGCA-certified Drone Pilot Training Programs. Drone Destination currently operates nine Drone Hubs at Gurugram, Dharamshala, Chandigarh, Gwalior, Ahmedabad, Bangalore, Coimbatore, Madurai and IFFCO Phulpur.

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