Krishna Capital and Securities (BOM:539384) ROCE % : 2.89% (As of Dec. 2023)

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What is Krishna Capital and 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. Krishna Capital and Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.89%.

Krishna Capital and Securities ROCE % Historical Data

The historical data trend for Krishna Capital and 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.

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Krishna Capital and Securities ROCE % Chart

Krishna Capital and Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.21

1.19

3.15

2.66

2.73

Krishna Capital and Securities Quarterly Data
	Dec18	Mar19	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															3.26	4.05	0.85	3.01	2.89

Krishna Capital and Securities ROCE % Calculation

Krishna Capital and 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 )
	=	1.663	/	( ( (60.363 - 0.261)	+	(61.859 - 0.274) )	/ 2 )
	=	1.663	/	( (60.102	+	61.585)	/ 2 )
	=	1.663	/	60.8435
	=	2.73 %

Krishna Capital and 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 )
	=	1.792	/	( ( (61.98 - 0)	+	(0 - 0) )	/ 1 )
	=	1.792	/	( ( 61.98	+	0 )	/ 1 )
	=	1.792	/	61.98
	=	2.89 %

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

Krishna Capital and Securities (BOM:539384) 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.

Krishna Capital and Securities ROCE % Related Terms

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Krishna Capital and Securities (BOM:539384) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Krishna Capital and Securities Ltd (BOM:539384) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Shyamal Cross Road, 403, Mauryansh Elanza, Behind Parekh Hospital, Satellite, Ahmedabad, GJ, IND, 380015

Website

https://www.kcsl.co.in

Krishna Capital and Securities Ltd is an India-based non-banking financial company. It is engaged in the business of lending capital and trading securities. The firm provides finance for companies, corporate bodies, and firms by way of advances and short-term loans.

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