LKP Securities (BOM:540192) ROCE % : 39.95% (As of Mar. 2024)

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What is LKP 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. LKP Securities's annualized ROCE % for the quarter that ended in Mar. 2024 was 39.95%.

LKP Securities ROCE % Historical Data

The historical data trend for LKP 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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LKP Securities ROCE % Chart

LKP Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.34

13.59

34.67

10.46

20.57

LKP Securities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															7.43	1.29	10.40	-	39.95

LKP Securities ROCE % Calculation

LKP Securities'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 )
	=	184.476	/	( ( (1666.366 - 869.058)	+	(2540.115 - 1543.516) )	/ 2 )
	=	184.476	/	( (797.308	+	996.599)	/ 2 )
	=	184.476	/	896.9535
	=	20.57 %

LKP Securities'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 )
	=	398.168	/	( ( (0 - 0)	+	(2540.115 - 1543.516) )	/ 1 )
	=	398.168	/	( ( 0	+	996.599 )	/ 1 )
	=	398.168	/	996.599
	=	39.95 %

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

LKP Securities (BOM:540192) 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.

LKP Securities ROCE % Related Terms

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LKP Securities (BOM:540192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LKP Securities Ltd (BOM:540192) » Definitions » ROCE %

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Address

Andheri Kurla Road, Nr. Hotel Courtyard Marriott, 2nd floor, Gala Impecca, Chakala, Andheri East, Mumbai, MH, IND, 400059

Website

https://www.lkpsec.com

LKP Securities Ltd is a financial solutions provider. It is engaged as a stock and securities broker and provides financial services. The company provides clients with a range of services, including Equity, Debt Instruments, Structured Products, Third Party Distribution, and Commodity and Currency. Geographically It operates only in India.

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