Monarch Networth Capital (BOM:511551) ROCE % : 79.62% (As of Dec. 2023)

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What is Monarch Networth Capital 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. Monarch Networth Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 79.62%.

Monarch Networth Capital ROCE % Historical Data

The historical data trend for Monarch Networth Capital'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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Monarch Networth Capital ROCE % Chart

Monarch Networth Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.64

12.38

36.77

52.10

31.61

Monarch Networth Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															36.88	42.61	13.53	82.29	79.62

Monarch Networth Capital ROCE % Calculation

Monarch Networth Capital'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 )
	=	636.88	/	( ( (6473.914 - 4748.595)	+	(6121.746 - 3816.888) )	/ 2 )
	=	636.88	/	( (1725.319	+	2304.858)	/ 2 )
	=	636.88	/	2015.0885
	=	31.61 %

Monarch Networth Capital's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2268.36	/	( ( (16311.623 - 13462.553)	+	(0 - 0) )	/ 1 )
	=	2268.36	/	( ( 2849.07	+	0 )	/ 1 )
	=	2268.36	/	2849.07
	=	79.62 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Monarch Networth Capital (BOM:511551) 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.

Monarch Networth Capital ROCE % Related Terms

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Monarch Networth Capital (BOM:511551) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Monarch Networth Capital Ltd (BOM:511551) » Definitions » ROCE %

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Traded in Other Exchanges

MONARCH:India

Address

Near lshwar Bhuvan, Commerce Six Road, Monarch House, Opposite Prahladbhai Patel Garden, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.mnclgroup.com

Monarch Networth Capital Ltd is an Indian based company that operates in the capital market business. It is engaged in the provision of broking and financial services to individuals, retail, and institutions in India. The business activity of the group is operated through Broking and Others; Non-Banking financial business and Insurance business segment. The company's products and financial services include trading in equities, derivatives, commodities, currency, mutual funds, insurance, and initial public offerings, tax-free bonds, loans against share, depository services, and others. Monarch derives revenue from the source of brokerage, account facilitation charges, and others.

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