Geojit Financial Services (BOM:532285) ROCE % : 14.93% (As of Mar. 2024)

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What is Geojit Financial 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. Geojit Financial Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.93%.

Geojit Financial Services ROCE % Historical Data

The historical data trend for Geojit Financial 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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Geojit Financial Services ROCE % Chart

Geojit Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.15

26.57

28.18

15.67

14.92

Geojit Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.84	15.23	16.88	13.25	14.93

Geojit Financial Services ROCE % Calculation

Geojit Financial 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 )
	=	2088.633	/	( ( (13212.823 - 4933.141)	+	(20202.915 - 475.751) )	/ 2 )
	=	2088.633	/	( (8279.682	+	19727.164)	/ 2 )
	=	2088.633	/	14003.423
	=	14.92 %

Geojit Financial 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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2946.056	/	( ( (0 - 0)	+	(20202.915 - 475.751) )	/ 1 )
	=	2946.056	/	( ( 0	+	19727.164 )	/ 1 )
	=	2946.056	/	19727.164
	=	14.93 %

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

Geojit Financial Services (BOM:532285) 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.

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Geojit Financial Services (BOM:532285) Business Description

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GEOJITFSL:India

Address

34/659-P, Civil Line Road, 11th Floor, Padivattom, Kochi, KL, IND, 682024

Website

https://www.geojit.com

Geojit Financial Services Ltd is an investment services company. The company's operating segment includes Financial Services and Software services. Financial services segment consists of brokerage services, depository services, financial products distribution services, portfolio management services, and other allied activities. The Software services segment consists of income from the development and maintenance of software. It generates maximum revenue from the Financial Services segment. The geographical segments of the group are India and other countries.

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