Envirotech Systems (NSE:ENVIRO) ROCE % : 0.00% (As of Sep. 2024)

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What is Envirotech Systems 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. Envirotech Systems's annualized ROCE % for the quarter that ended in Sep. 2024 was 0.00%.

Envirotech Systems ROCE % Historical Data

The historical data trend for Envirotech Systems'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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Envirotech Systems ROCE % Chart

Envirotech Systems Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

23.16

29.49

39.04

82.65

Envirotech Systems Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	184.68	84.57	-

Envirotech Systems ROCE % Calculation

Envirotech Systems'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 )
	=	163.145	/	( ( (227.573 - 95.348)	+	(386.747 - 124.169) )	/ 2 )
	=	163.145	/	( (132.225	+	262.578)	/ 2 )
	=	163.145	/	197.4015
	=	82.65 %

Envirotech Systems'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0	/	( ( (386.747 - 124.169)	+	(728.035 - 133.644) )	/ 2 )
	=	0	/	( ( 262.578	+	594.391 )	/ 2 )
	=	0	/	428.4845
	=	0.00 %

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

Envirotech Systems (NSE:ENVIRO) 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.

Envirotech Systems ROCE % Related Terms

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Envirotech Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Envirotech Systems Ltd (NSE:ENVIRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B1A, 19 1st Floor, Commercial Complex, Sector 51 Noida, Noida, UP, IND, 201301

Website

https://www.envirotechltd.com

Envirotech Systems Ltd is a acoustic products manufacturing organization specializing in noise measurement and control for industrial and commercial applications. It includes projects in industries such as Oil & Gas, Manufacturing, Power Generation, Cement & Steel, Automobile, and Construction.

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