Synoptics Technologies (NSE:SYNOPTICS) ROCE % : 31.91% (As of Mar. 2022)

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What is Synoptics 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. Synoptics Technologies's annualized ROCE % for the quarter that ended in Mar. 2022 was 31.91%.

Synoptics Technologies ROCE % Historical Data

The historical data trend for Synoptics 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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Synoptics Technologies ROCE % Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

18.89

23.11

31.91

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22
ROCE %	18.89	23.11	31.91

Synoptics Technologies ROCE % Calculation

Synoptics Technologies's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	71.871	/	( ( (375.978 - 168.404)	+	(427.98 - 185.047) )	/ 2 )
	=	71.871	/	( (207.574	+	242.933)	/ 2 )
	=	71.871	/	225.2535
	=	31.91 %

Synoptics Technologies's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	71.871	/	( ( (375.978 - 168.404)	+	(427.98 - 185.047) )	/ 2 )
	=	71.871	/	( ( 207.574	+	242.933 )	/ 2 )
	=	71.871	/	225.2535
	=	31.91 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2022) EBIT data.

Synoptics Technologies (NSE:SYNOPTICS) 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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Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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