Z-Tech (India) (NSE:ZTECH) ROCE % : 56.07% (As of Jun. 2024)

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What is Z-Tech (India) 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. Z-Tech (India)'s annualized ROCE % for the quarter that ended in Jun. 2024 was 56.07%.

Z-Tech (India) ROCE % Historical Data

The historical data trend for Z-Tech (India)'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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Z-Tech (India) ROCE % Chart

Z-Tech (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

12.37

2.65

30.60

64.87

Z-Tech (India) Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial			-	40.86	113.48	-	56.07

Z-Tech (India) ROCE % Calculation

Z-Tech (India)'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 )
	=	106.426	/	( ( (233.962 - 134.261)	+	(419.224 - 190.811) )	/ 2 )
	=	106.426	/	( (99.701	+	228.413)	/ 2 )
	=	106.426	/	164.057
	=	64.87 %

Z-Tech (India)'s ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	128.064	/	( ( (419.224 - 190.811)	+	(0 - 0) )	/ 1 )
	=	128.064	/	( ( 228.413	+	0 )	/ 1 )
	=	128.064	/	228.413
	=	56.07 %

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

Z-Tech (India) (NSE:ZTECH) 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.

Z-Tech (India) ROCE % Related Terms

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Z-Tech (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Z-Tech (India) Ltd (NSE:ZTECH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 140, Khasra No. 249, Mangla Puri, Gadaipur, South-West Delhi, New Delhi, IND, 110030

Website

https://www.z-techindia.com

Z-Tech (India) Ltd is engaged in designing civil engineering products and services with state?of?the?art specialty in Geo? Technical Specialised Solutions in the field of infrastructure and civil construction projects to India. The company is engaged in providing innovative, safe and eco-friendly engineering solutions. These solutions include three categories: Sustainable Theme Park Development, Industrial Waste Water Management and Geo Technical Specialised Solutions. Its business segments include trading of Circular Knitting Needle & other items except solar related items and Manufacturing, trading and application of Solar Panel etc. Key revenue is generated from Circular Knitting Needle & other items except solar related items.

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