Veranda Learning Solutions (NSE:VERANDA) ROCE % : 0.06% (As of Mar. 2024)

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What is Veranda Learning Solutions 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. Veranda Learning Solutions's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.06%.

Veranda Learning Solutions ROCE % Historical Data

The historical data trend for Veranda Learning Solutions'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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Veranda Learning Solutions ROCE % Chart

Veranda Learning Solutions Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-42.98

-15.32

-0.33

Veranda Learning Solutions Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-0.85	-19.12	4.28	-0.17	0.06

Veranda Learning Solutions ROCE % Calculation

Veranda Learning Solutions'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 )
	=	-30.857	/	( ( (8916.912 - 1045.126)	+	(16333.555 - 5636.625) )	/ 2 )
	=	-30.857	/	( (7871.786	+	10696.93)	/ 2 )
	=	-30.857	/	9284.358
	=	-0.33 %

Veranda Learning Solutions'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	6.448	/	( ( (0 - 0)	+	(16333.555 - 5636.625) )	/ 1 )
	=	6.448	/	( ( 0	+	10696.93 )	/ 1 )
	=	6.448	/	10696.93
	=	0.06 %

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

Veranda Learning Solutions (NSE:VERANDA) 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.

Veranda Learning Solutions ROCE % Related Terms

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Veranda Learning Solutions (NSE:VERANDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Veranda Learning Solutions Ltd (NSE:VERANDA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543514:India

Address

No.24, Judge Jambulingam Road, Access House 3rd Floor, Radhakrishnan Salai, Mylapore, Chennai, TN, IND, 600004

Website

https://www.verandalearning.com

Veranda Learning Solutions Ltd is India based company, which offers online and offline coaching services for career-defining courses such as UPSE, Chartered Accountant, Banking, and Government Exams to students, graduates, professionals, and corporate employees. The company only operates in India.

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