Vinyas Innovative Technologies (NSE:VINYAS) ROCE % : 31.52% (As of Mar. 2023)

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

What is Vinyas Innovative 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. Vinyas Innovative Technologies's annualized ROCE % for the quarter that ended in Mar. 2023 was 31.52%.

Vinyas Innovative Technologies ROCE % Historical Data

The historical data trend for Vinyas Innovative 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.

* Premium members only.

Vinyas Innovative Technologies ROCE % Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

20.71

25.44

31.52

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	20.71	25.44	31.52

Vinyas Innovative Technologies ROCE % Calculation

Vinyas Innovative Technologies'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 )
	=	189.498	/	( ( (2214.904 - 1670.936)	+	(2159.864 - 1501.587) )	/ 2 )
	=	189.498	/	( (543.968	+	658.277)	/ 2 )
	=	189.498	/	601.1225
	=	31.52 %

Vinyas Innovative Technologies's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	189.498	/	( ( (2214.904 - 1670.936)	+	(2159.864 - 1501.587) )	/ 2 )
	=	189.498	/	( ( 543.968	+	658.277 )	/ 2 )
	=	189.498	/	601.1225
	=	31.52 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Vinyas Innovative Technologies (NSE:VINYAS) 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.

Vinyas Innovative Technologies ROCE % Related Terms

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

Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

Vinyas Innovative Technologies (NSE:VINYAS) Headlines

No Headlines