Dharni Capital Services (BOM:543753) ROCE % : 25.91% (As of Mar. 2024)

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What is Dharni Capital 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. Dharni Capital Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.91%.

Dharni Capital Services ROCE % Historical Data

The historical data trend for Dharni Capital 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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Dharni Capital Services ROCE % Chart

Dharni Capital Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

5.66

100.44

104.24

19.44

26.30

Dharni Capital Services Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	61.40	19.10	26.78	25.91

Dharni Capital Services ROCE % Calculation

Dharni Capital 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 )
	=	41.42	/	( ( (142.989 - 1.009)	+	(191.671 - 18.62) )	/ 2 )
	=	41.42	/	( (141.98	+	173.051)	/ 2 )
	=	41.42	/	157.5155
	=	26.30 %

Dharni Capital 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	42.786	/	( ( (158.85 - 1.645)	+	(191.671 - 18.62) )	/ 2 )
	=	42.786	/	( ( 157.205	+	173.051 )	/ 2 )
	=	42.786	/	165.128
	=	25.91 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Dharni Capital Services (BOM:543753) 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.

Dharni Capital Services ROCE % Related Terms

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Dharni Capital Services (BOM:543753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Dharni Capital Services Ltd (BOM:543753) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Whitefield Main Road, 226, Brigade Metropolis Arcade, Garudachapal, Bangaluru, KA, IND, 560048

Website

https://www.dharnicapital.com

Dharni Capital Services Ltd is a one-stop shop for all financial services requirements, with a special focus on Investment Advisory Services. The company strives to cater to various financial needs, including but not limited to Investment Management, Financial Planning, Income Tax, Accounting, and Business Advisory services.

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