Kody Technolab (NSE:KODYTECH) ROCE % : 29.60% (As of Mar. 2024)

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What is Kody Technolab 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. Kody Technolab's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.60%.

Kody Technolab ROCE % Historical Data

The historical data trend for Kody Technolab'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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Kody Technolab ROCE % Chart

Kody Technolab Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

178.09

68.05

28.02

Kody Technolab Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	-308.86	91.40	10.16	29.60

Kody Technolab ROCE % Calculation

Kody Technolab'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 )
	=	70.727	/	( ( (145.173 - 24.788)	+	(427.182 - 42.705) )	/ 2 )
	=	70.727	/	( (120.385	+	384.477)	/ 2 )
	=	70.727	/	252.431
	=	28.02 %

Kody Technolab'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	115.3	/	( ( (429.864 - 35.163)	+	(427.182 - 42.705) )	/ 2 )
	=	115.3	/	( ( 394.701	+	384.477 )	/ 2 )
	=	115.3	/	389.589
	=	29.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Kody Technolab (NSE:KODYTECH) 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.

Kody Technolab ROCE % Related Terms

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Kody Technolab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kody Technolab Ltd (NSE:KODYTECH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2nd Floor, Block-J, Safal Monde, Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.kodytechnolab.com

Kody Technolab Ltd is a company in the business of software development services to a diverse set of industries. It is a full-stack development company that provides creative and cutting-edge digital solutions to clients. It specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. The company offers a wide range of services that include custom development, AI Consultation & Implementation, IOT Services, and IT consulting services.

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