Aryaman Financial Services (BOM:530245) ROCE % : 6.32% (As of Mar. 2024)

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What is Aryaman 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. Aryaman Financial Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.32%.

Aryaman Financial Services ROCE % Historical Data

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

Aryaman Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.89

4.89

12.12

8.34

24.81

Aryaman Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-6.81	6.17	58.48	24.33	6.32

Aryaman Financial Services ROCE % Calculation

Aryaman 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 )
	=	358.847	/	( ( (1325.424 - 25.628)	+	(1602.507 - 9.074) )	/ 2 )
	=	358.847	/	( (1299.796	+	1593.433)	/ 2 )
	=	358.847	/	1446.6145
	=	24.81 %

Aryaman 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 )
	=	100.684	/	( ( (0 - 0)	+	(1602.507 - 9.074) )	/ 1 )
	=	100.684	/	( ( 0	+	1593.433 )	/ 1 )
	=	100.684	/	1593.433
	=	6.32 %

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

Aryaman Financial Services (BOM:530245) 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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Aryaman Financial Services (BOM:530245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Aryaman Financial Services Ltd (BOM:530245) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alkesh Dinesh Modi Marg, 60, Khatau Building, Ground Floor, Fort, Mumbai, MH, IND, 400001

Website

https://www.afsl.co.in

Aryaman Financial Services Ltd is engaged in the business of Merchant Banking. The company is engaged in the business of lead management and syndication of small and medium-sized initial public offerings, rights issues, composite issues, venture capital funding, and others. It generates revenue from the sale of stock in trade.

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