Inditrade Capital (BOM:532745) ROCE % : 7.67% (As of Dec. 2023)

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What is Inditrade 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. Inditrade Capital's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.67%.

Inditrade Capital ROCE % Historical Data

The historical data trend for Inditrade 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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Inditrade Capital ROCE % Chart

Inditrade Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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7.46

8.13

4.68

2.67

-3.33

Inditrade Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.06	-49.97	8.70	7.79	7.67

Inditrade Capital ROCE % Calculation

Inditrade 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 )
	=	-166.764	/	( ( (6560.078 - 706.379)	+	(5118.911 - 949.218) )	/ 2 )
	=	-166.764	/	( (5853.699	+	4169.693)	/ 2 )
	=	-166.764	/	5011.696
	=	-3.33 %

Inditrade 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 )
	=	324.848	/	( ( (4580.403 - 345.736)	+	(0 - 0) )	/ 1 )
	=	324.848	/	( ( 4234.667	+	0 )	/ 1 )
	=	324.848	/	4234.667
	=	7.67 %

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

Inditrade Capital (BOM:532745) 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.

Inditrade Capital ROCE % Related Terms

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Inditrade Capital (BOM:532745) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inditrade Capital Ltd (BOM:532745) » Definitions » ROCE %

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Address

Senapati Bapat Marg, Unit No. T-7 C, 5th Floor, C Wing, Phoenix House, Lower Parel West, Mumbai, MH, IND, 400013

Website

https://www.inditrade.com

Inditrade Capital Ltd is a financial service provider in India. It is engaged in the provision of financial services through commodity broking. It offers insurance and support services, and commodities brokerage-related services which include depository participant services, currency trading, internet trading, and phone-based services. Its segment includes Client financing, Commodity trade support services, sale of goods, Insurance broking services, and Others. It derives the majority of its revenue from Client financing. Geographically all the activities functioned through the regions of India and it derives revenue in the form of brokerage, fees, and others.

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