Onward Technologies (NSE:ONWARDTEC) ROCE % : 15.96% (As of Mar. 2024)

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What is Onward Technologies 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. Onward Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.96%.

Onward Technologies ROCE % Historical Data

The historical data trend for Onward Technologies'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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Onward Technologies ROCE % Chart

Onward Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.48

14.41

24.63

10.70

22.07

Onward Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															26.85	29.62	25.81	19.90	15.96

Onward Technologies ROCE % Calculation

Onward Technologies'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 )
	=	464.979	/	( ( (2422.523 - 551.743)	+	(2869.414 - 526.268) )	/ 2 )
	=	464.979	/	( (1870.78	+	2343.146)	/ 2 )
	=	464.979	/	2106.963
	=	22.07 %

Onward Technologies'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 )
	=	373.992	/	( ( (0 - 0)	+	(2869.414 - 526.268) )	/ 1 )
	=	373.992	/	( ( 0	+	2343.146 )	/ 1 )
	=	373.992	/	2343.146
	=	15.96 %

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

Onward Technologies (NSE:ONWARDTEC) 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.

Onward Technologies ROCE % Related Terms

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Onward Technologies (NSE:ONWARDTEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Onward Technologies Ltd (NSE:ONWARDTEC) » Definitions » ROCE %

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517536:India

Address

Dr. Annie Besant Road, Sterling Centre, 2nd Floor, Worli, Mumbai, MH, IND, 400 018

Website

https://www.onwardgroup.com

Onward Technologies Ltd is an Indian company that is engaged in the sale of user license software, professional services, consultancy services, training, and others. Its business activities include product design, simulation engineering, automation solutions, engineering change management, and others. It has one operating segment which is Engineering Design and IT services. The majority of the company's revenue comes from India. It also operates outside India.

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