Zeal Global Services (NSE:ZEAL) ROCE % : 32.82% (As of Mar. 2024)

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What is Zeal Global Services 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. Zeal Global Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 32.82%.

Zeal Global Services ROCE % Historical Data

The historical data trend for Zeal Global Services'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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Zeal Global Services ROCE % Chart

Zeal Global Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

41.02

45.63

72.77

79.03

39.09

Zeal Global Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	95.60	69.40	33.82	32.82

Zeal Global Services ROCE % Calculation

Zeal Global Services'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 )
	=	175.645	/	( ( (600.294 - 371.86)	+	(1150.976 - 480.748) )	/ 2 )
	=	175.645	/	( (228.434	+	670.228)	/ 2 )
	=	175.645	/	449.331
	=	39.09 %

Zeal Global Services'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	209.814	/	( ( (1040.085 - 431.923)	+	(1150.976 - 480.748) )	/ 2 )
	=	209.814	/	( ( 608.162	+	670.228 )	/ 2 )
	=	209.814	/	639.195
	=	32.82 %

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

Zeal Global Services (NSE:ZEAL) 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.

Zeal Global Services ROCE % Related Terms

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Zeal Global Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zeal Global Services Ltd (NSE:ZEAL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street No. 6, A - 261/262, Third Floor, Mahipalpur Extension, New Delhi, IND, 110037

Website

https://www.zeal-global.com

Zeal Global Services Ltd is engaged in the business of providing logistics solutions in the Air Cargo Industry. It has been operating as General Sales and Service Agent (GSSA) and sales partner for airlines in the region. The Company realizes that clients have specific requirements with regard to their shipments. Its approach is to bring economical solutions to its client's freighting needs through - excessive aircraft, load and destination compatibility analysis to suit the ever-changing needs of various industries such as fashion, pharmaceuticals, automotive and industrials. The company has one segment Air Cargo Service.