Arnold Holdings (BOM:537069) ROCE % : 6.71% (As of Dec. 2023)

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What is Arnold Holdings 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. Arnold Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.71%.

Arnold Holdings ROCE % Historical Data

The historical data trend for Arnold Holdings'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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Arnold Holdings ROCE % Chart

Arnold Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.34

3.85

1.78

10.75

9.64

Arnold Holdings 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															11.77	9.19	5.87	6.75	6.71

Arnold Holdings ROCE % Calculation

Arnold Holdings'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 )
	=	113.524	/	( ( (1070.014 - 115.979)	+	(1379.306 - -21.508) )	/ 2 )
	=	113.524	/	( (954.035	+	1400.814)	/ 2 )
	=	113.524	/	1177.4245
	=	9.64 %

Arnold Holdings'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 )
	=	83.264	/	( ( (1990.456 - 749.015)	+	(0 - 0) )	/ 1 )
	=	83.264	/	( ( 1241.441	+	0 )	/ 1 )
	=	83.264	/	1241.441
	=	6.71 %

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

Arnold Holdings (BOM:537069) 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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Arnold Holdings (BOM:537069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Arnold Holdings Ltd (BOM:537069) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

30, Jambulwadi, J.S.S. Road, B-208, Ramji House, Mumbai, MH, IND, 400002

Website

https://www.arnoldholdings.in

Arnold Holdings Ltd is a non-deposit-taking NBFC operating in India. The company focused in providing inter-corporate loans, personal loans, loans against shares and securities, loans against properties, trade financing, bills discounting, and trading in shares and securities. The company offers financial services to commercial, industrial and financial clients with a one-stop financial solution.

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