Reliable Data Services (NSE:RELIABLE) ROCE % : 14.66% (As of Sep. 2023)

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What is Reliable Data Services 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. Reliable Data Services's annualized ROCE % for the quarter that ended in Sep. 2023 was 14.66%.

Reliable Data Services ROCE % Historical Data

The historical data trend for Reliable Data Services'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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Reliable Data Services ROCE % Chart

Reliable Data Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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23.10

16.27

8.01

14.23

14.44

Reliable Data Services Quarterly Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															15.54	8.95	14.61	16.71	14.66

Reliable Data Services ROCE % Calculation

Reliable Data Services'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 )
	=	83.183	/	( ( (758.145 - 236.266)	+	(1145.204 - 514.959) )	/ 2 )
	=	83.183	/	( (521.879	+	630.245)	/ 2 )
	=	83.183	/	576.062
	=	14.44 %

Reliable Data Services's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	95.844	/	( ( (1145.204 - 514.959)	+	(1426.468 - 749.38) )	/ 2 )
	=	95.844	/	( ( 630.245	+	677.088 )	/ 2 )
	=	95.844	/	653.6665
	=	14.66 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Reliable Data Services (NSE:RELIABLE) 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.

Reliable Data Services ROCE % Related Terms

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Reliable Data Services (NSE:RELIABLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Reliable Data Services Ltd (NSE:RELIABLE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-70, Sector - 2, Noida, UP, IND, 201301

Website

https://www.rdspl.com

Reliable Data Services Ltd is an India-based company that provides IT and IT-enabled services to various banking, financial services, and other manufacturing industries in the field of back-office processing, front office follow-ups, and management services. The business segments comprises of which are Banking, Financial Services and Insurance and Non-Banking, Financial Services and Insurance. The Banking, Financial Services and Insurance segment makes majority of its revenue for the company. The company provides transaction processing services and payroll services as well.

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