Emkay Global Financial Services (BOM:532737) ROCE % : 8.66% (As of Dec. 2023)

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What is Emkay Global 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. Emkay Global Financial Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.66%.

Emkay Global Financial Services ROCE % Historical Data

The historical data trend for Emkay Global 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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Emkay Global Financial Services ROCE % Chart

Emkay Global Financial Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.26

-6.91

12.51

24.43

7.25

Emkay Global Financial Services 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															3.27	-10.97	-0.07	7.06	8.66

Emkay Global Financial Services ROCE % Calculation

Emkay Global Financial Services'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 )
	=	165.807	/	( ( (7639.31 - 5323.106)	+	(7309.507 - 5053.727) )	/ 2 )
	=	165.807	/	( (2316.204	+	2255.78)	/ 2 )
	=	165.807	/	2285.992
	=	7.25 %

Emkay Global Financial Services'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 )
	=	641.128	/	( ( (9144.445 - 1742.172)	+	(0 - 0) )	/ 1 )
	=	641.128	/	( ( 7402.273	+	0 )	/ 1 )
	=	641.128	/	7402.273
	=	8.66 %

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

Emkay Global Financial Services (BOM:532737) 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.

Emkay Global Financial Services ROCE % Related Terms

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Emkay Global Financial Services (BOM:532737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Emkay Global Financial Services Ltd (BOM:532737) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EMKAY:India

Address

Senapati Bapat Marg, The Ruby, 7th Floor, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.emkayglobal.com

Emkay Global Financial Services Ltd is a holding company engaged in stockbroking. The company operates in two reportable segments that include Advisory and Transactional Services and Financing and Investment Activities. The company is involved in providing financial services and solutions, such as equity broking, asset management, wealth management, currency and commodity advisory and broking, investment banking, and financial education services. The majority of the revenue is generated from the Advisory and Transactional Services segment.

Emkay Global Financial Services (BOM:532737) Headlines

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