Trident Techlabs (NSE:TECHLABS) ROCE % : 31.98% (As of Mar. 2024)

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What is Trident Techlabs 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. Trident Techlabs's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.98%.

Trident Techlabs ROCE % Historical Data

The historical data trend for Trident Techlabs'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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Trident Techlabs ROCE % Chart

Trident Techlabs Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

17.65

13.27

28.60

31.98

Trident Techlabs Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	17.65	13.27	28.60	31.98

Trident Techlabs ROCE % Calculation

Trident Techlabs'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 )
	=	153.478	/	( ( (500.858 - 143.333)	+	(988.389 - 386.085) )	/ 2 )
	=	153.478	/	( (357.525	+	602.304)	/ 2 )
	=	153.478	/	479.9145
	=	31.98 %

Trident Techlabs'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	153.478	/	( ( (500.858 - 143.333)	+	(988.389 - 386.085) )	/ 2 )
	=	153.478	/	( ( 357.525	+	602.304 )	/ 2 )
	=	153.478	/	479.9145
	=	31.98 %

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

Trident Techlabs (NSE:TECHLABS) 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.

Trident Techlabs ROCE % Related Terms

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Trident Techlabs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Trident Techlabs Ltd (NSE:TECHLABS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rani Jhansi Road, 1/18-20, 2nd floor, White House, New Delhi, IND, 110055

Website

https://www.tridenttechlabs.com

Trident Techlabs Ltd offers custom-built technology solutions to corporates in the aerospace, defense, automotive, telecom, semiconductor and power distribution sectors. It has two business verticals i.e. Engineering Solutions and Power System Solutions. Engineering Solutions portfolio consists of system-level electronics design, chip-level electronics design, embedded design, PCB designing, electromagnetic simulations and other products and services. Power Solutions portfolio of products and related services helps power distribution utilities that face new challenges due to the ever-changing nature of the industry and the increasing pressure on network reliability. The company operates in two segments; trading business, and consultancy business which generates the majority of the revenue.

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