Servotech Power Systems (NSE:EQSERVOTECH) ROCE % : 12.76% (As of Mar. 2024)

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What is Servotech Power 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. Servotech Power Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.76%.

Servotech Power Systems ROCE % Historical Data

The historical data trend for Servotech Power 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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Servotech Power Systems ROCE % Chart

Servotech Power Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.64

7.66

12.41

22.53

15.19

Servotech Power Systems Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															36.86	28.00	19.57	9.21	12.76

Servotech Power Systems ROCE % Calculation

Servotech Power 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 )
	=	193.256	/	( ( (1667.426 - 750.186)	+	(2765.174 - 1137.76) )	/ 2 )
	=	193.256	/	( (917.24	+	1627.414)	/ 2 )
	=	193.256	/	1272.327
	=	15.19 %

Servotech Power Systems'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	207.732	/	( ( (0 - 0)	+	(2765.174 - 1137.76) )	/ 1 )
	=	207.732	/	( ( 0	+	1627.414 )	/ 1 )
	=	207.732	/	1627.414
	=	12.76 %

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

Servotech Power Systems (NSE:EQSERVOTECH) 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.

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Servotech Power Systems (NSE:EQSERVOTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Servotech Power Systems Ltd (NSE:EQSERVOTECH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

806, 8th Floor, Crown Heights, Sector 10, Rohini, Hotel Charted Accountants Crown Plaza, New Delhi, IND, 110085

Website

https://www.servotech.in

Servotech Power Systems Ltd is an Indian company in the business line of manufacturing, trading and exporting LED, UPS, Solar Products & Flameproof LED Lights. The firm is engaged in the production, development, and marketing of both indoor and outdoor LED lighting products, solar products and Ultraviolet C products. The product portfolio of the company includes LED tube lights and bulbs, street lights, floodlights, canopy lights, yard lights, FLP tubes, hoarding lights, system controllers, UPS, solar charge controllers, solar rooftops, UV Disinfection Lamp, UV Disinfection Handheld, UV Disinfection Truck, Sterilization Box, UVC RoboTruk and UVLEN based on far UVC technology and others. Substantial revenue is derived from domestic sales.

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