Diensten Tech (NSE:DTL) ROCE % : 22.52% (As of Mar. 2023)

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What is Diensten Tech 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. Diensten Tech's annualized ROCE % for the quarter that ended in Mar. 2023 was 22.52%.

Diensten Tech ROCE % Historical Data

The historical data trend for Diensten Tech'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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Diensten Tech ROCE % Chart

Diensten Tech Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

55.71

11.26

Diensten Tech Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	-	111.42	22.52

Diensten Tech ROCE % Calculation

Diensten Tech'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 )
	=	4.024	/	( ( (20.366 - 5.956)	+	(150.481 - 93.402) )	/ 2 )
	=	4.024	/	( (14.41	+	57.079)	/ 2 )
	=	4.024	/	35.7445
	=	11.26 %

Diensten Tech'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 )
	=	8.048	/	( ( (20.366 - 5.956)	+	(150.481 - 93.402) )	/ 2 )
	=	8.048	/	( ( 14.41	+	57.079 )	/ 2 )
	=	8.048	/	35.7445
	=	22.52 %

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

Diensten Tech (NSE:DTL) 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.

Diensten Tech ROCE % Related Terms

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Diensten Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Diensten Tech Ltd (NSE:DTL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

F3, Sector-3, Noida, UP, IND, 201302

Website

https://www.dienstentech.com

Diensten Tech Ltd the business of Information Technology ('IT') professional resourcing, IT Consultancy, IT Training and Software AMC. It connect clients to individuals with a specific IT skill set, manage capacity across a team, or deliver in-house technology experts to take client project to full delivery. Diensten is providing technical consultancy, training, software services and other services to large corporates of the country, multinational companies, small and medium enterprises of diversified sectors.

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