Central Depository Services (India) (NSE:CDSL) ROCE % : 43.70% (As of Mar. 2024)

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What is Central Depository Services (India) 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. Central Depository Services (India)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 43.70%.

Central Depository Services (India) ROCE % Historical Data

The historical data trend for Central Depository Services (India)'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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Central Depository Services (India) ROCE % Chart

Central Depository Services (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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18.41

30.58

39.35

30.14

39.52

Central Depository Services (India) 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															25.73	30.76	44.50	44.58	43.70

Central Depository Services (India) ROCE % Calculation

Central Depository Services (India)'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 )
	=	5561.217	/	( ( (14571.7 - 1842.101)	+	(17816.493 - 2400.483) )	/ 2 )
	=	5561.217	/	( (12729.599	+	15416.01)	/ 2 )
	=	5561.217	/	14072.8045
	=	39.52 %

Central Depository Services (India)'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 )
	=	6736.94	/	( ( (0 - 0)	+	(17816.493 - 2400.483) )	/ 1 )
	=	6736.94	/	( ( 0	+	15416.01 )	/ 1 )
	=	6736.94	/	15416.01
	=	43.70 %

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

Central Depository Services (India) (NSE:CDSL) 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.

Central Depository Services (India) ROCE % Related Terms

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Central Depository Services (India) (NSE:CDSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Central Depository Services (India) Ltd (NSE:CDSL) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

N.M Joshi Marg, Unit No. A-2501, Marathon Futurex, Mafatlal Mills Compound, Lower Parel (East), Mumbai, MH, IND, 400013

Website

https://www.cdslindia.com

Central Depository Services (India) Ltd is a securities depository in India. It offers dematerialization for a wide range of securities including equity shares, preference shares, mutual fund units, debt instruments, and government securities. The company's operating business segments are Depository Activity, Data Entry and Storage, and Repository, with maximum revenue from the Depository Activity segment.

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