TAC Infosec (NSE:TAC) ROCE % : 46.20% (As of Sep. 2023)

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What is TAC Infosec 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. TAC Infosec's annualized ROCE % for the quarter that ended in Sep. 2023 was 46.20%.

TAC Infosec ROCE % Historical Data

The historical data trend for TAC Infosec'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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TAC Infosec ROCE % Chart

TAC Infosec Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

39.48

35.22

95.22

TAC Infosec Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
ROCE %	-	-	-	46.20

TAC Infosec ROCE % Calculation

TAC Infosec'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 )
	=	51.757	/	( ( (49.645 - 19.65)	+	(97.765 - 19.046) )	/ 2 )
	=	51.757	/	( (29.995	+	78.719)	/ 2 )
	=	51.757	/	54.357
	=	95.22 %

TAC Infosec'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 )
	=	40.71	/	( ( (97.765 - 19.046)	+	(121.302 - 23.791) )	/ 2 )
	=	40.71	/	( ( 78.719	+	97.511 )	/ 2 )
	=	40.71	/	88.115
	=	46.20 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

TAC Infosec (NSE:TAC) 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.

TAC Infosec ROCE % Related Terms

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TAC Infosec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TAC Infosec Ltd (NSE:TAC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

CST Road, 91 Springboard, Kagalwala House, 01st Floor, C Block, 175, CST Road, Kalina, Santacruz East, Mumbai, MH, IND, 400098

Website

https://www.tacsecurity.com

TAC Infosec Ltd is engaged in the business of providing risk-based vulnerability management and assessment solutions, cybersecurity quantification, and services of Penetration testing to organizations of any scale, size, and business through the SaaS model. It offers security software products and solutions both in India and internationally. and its end customers are Banks and Financial Institutions, government regulatory bodies and departments, and large-scale enterprises (including business offices) like HDFC, Bandhan Bank, BSE, etc. Its flagship software product is ESOF (Enterprise Security in One Framework) which is a vulnerability management platform consisting of various product portfolios namely ESOF Appsec, ESOF VMP, ESOF VACA, ESOF PCI ASV, and ESOF CRQ.