Amit Securities (BOM:531557) ROCE % : 1.27% (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Amit Securities 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. Amit Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.27%.

Amit Securities ROCE % Historical Data

The historical data trend for Amit Securities'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.

Amit Securities ROCE % Chart

Amit Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-0.82

-0.44

-0.34

0.88

15.32

Amit Securities Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															61.62	3.21	1.30	1.11	1.27

Amit Securities ROCE % Calculation

Amit Securities'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 )
	=	21.095	/	( ( (130.57 - 4.598)	+	(150.136 - 0.805) )	/ 2 )
	=	21.095	/	( (125.972	+	149.331)	/ 2 )
	=	21.095	/	137.6515
	=	15.32 %

Amit Securities'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 )
	=	1.892	/	( ( (150.471 - 1.242)	+	(0 - 0) )	/ 1 )
	=	1.892	/	( ( 149.229	+	0 )	/ 1 )
	=	1.892	/	149.229
	=	1.27 %

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

Amit Securities (BOM:531557) 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.

Amit Securities ROCE % Related Terms

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

Amit Securities (BOM:531557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amit Securities Ltd (BOM:531557) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Shivaji Nagar, Indore, MP, IND, 452003

Website

http://www.amitsecurities.com

Amit Securities Ltd is engaged in the trading of aluminum utensils and investments in mutual funds, shares, and securities. The company operates its business through two segments: Trading of goods and carrying Investments and Trading of Shares and Advances. The firm's majority revenue gets generated through the trading of metals.

Amit Securities (BOM:531557) Headlines

No Headlines