Tridhya Tech (NSE:TRIDHYA) ROCE % : 5.76% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Tridhya Tech 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. Tridhya Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.76%.

Tridhya Tech ROCE % Historical Data

The historical data trend for Tridhya Tech'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.

* Premium members only.

Tridhya Tech ROCE % Chart

Tridhya Tech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

115.51

43.34

40.04

17.03

5.76

Tridhya Tech Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	115.51	43.34	40.04	17.03	5.76

Tridhya Tech ROCE % Calculation

Tridhya Tech'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 )
	=	37.447	/	( ( (651.24 - 123.581)	+	(913.872 - 142.276) )	/ 2 )
	=	37.447	/	( (527.659	+	771.596)	/ 2 )
	=	37.447	/	649.6275
	=	5.76 %

Tridhya Tech'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 )
	=	37.447	/	( ( (651.24 - 123.581)	+	(913.872 - 142.276) )	/ 2 )
	=	37.447	/	( ( 527.659	+	771.596 )	/ 2 )
	=	37.447	/	649.6275
	=	5.76 %

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

Tridhya Tech (NSE:TRIDHYA) 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.

Tridhya Tech ROCE % Related Terms

Thank you for viewing the detailed overview of Tridhya Tech's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tridhya Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tridhya Tech Ltd (NSE:TRIDHYA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

S. P. Ring Road, 401, One World West, Near Ambli T-Junction 200, Bopal, Ahmedabad, GJ, IND, 380058

Website

https://www.tridhyatech.com

Tridhya Tech Ltd is engaged in full-service Software Development which includes all IT services and resources. It provides turnkey consultancy services to various industries like e-commerce, Real estate, transport and Logistics, Insurance and other sectors. The company provides services related to e-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development and Graphic design. It provides customized software products, which start from the initial concept of the product requirement, designing the architecture, coding and testing, and deploying to the final deployment of the product, and also provides post-deployment support on time to time basis to its clients.

Tridhya Tech Headlines

No Headlines