NDA Securities (BOM:511535) ROCE % : 10.98% (As of Dec. 2023)

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What is NDA 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. NDA Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.98%.

NDA Securities ROCE % Historical Data

The historical data trend for NDA 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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NDA Securities ROCE % Chart

NDA Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.12

-12.23

6.33

11.02

3.20

NDA Securities 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															6.44	-1.14	2.59	8.37	10.98

NDA Securities ROCE % Calculation

NDA 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 )
	=	2.838	/	( ( (158.856 - 73.667)	+	(164.056 - 71.639) )	/ 2 )
	=	2.838	/	( (85.189	+	92.417)	/ 2 )
	=	2.838	/	88.803
	=	3.20 %

NDA 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 )
	=	14.288	/	( ( (207.784 - 77.706)	+	(0 - 0) )	/ 1 )
	=	14.288	/	( ( 130.078	+	0 )	/ 1 )
	=	14.288	/	130.078
	=	10.98 %

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

NDA Securities (BOM:511535) 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.

NDA Securities ROCE % Related Terms

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NDA Securities (BOM:511535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NDA Securities Ltd (BOM:511535) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-157, Second Floor, Kalkaji, New Delhi, IND, 110019

Website

https://www.ndaindia.com

NDA Securities Ltd is engaged in various financial services. The company provides various stockbroking services in the equity capital market, future and options market, commodity markets, currency derivative market, and depository participants. The company is engaged in the brokerage of financial products e.g. Stock Brokerage, Mutual Funds depository Services, and investment-related activities such as investment in subsidiaries and investment in Mutual Funds. The company receives revenue from the sale of shares and mutual fund commissions, and brokerage on the sale of securities. Geographically, the company offers its services only to the Indian market region.

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