Wealth First Portfolio Managers (NSE:WEALTH) ROCE % : 57.16% (As of Dec. 2023)

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What is Wealth First Portfolio Managers 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. Wealth First Portfolio Managers's annualized ROCE % for the quarter that ended in Dec. 2023 was 57.16%.

Wealth First Portfolio Managers ROCE % Historical Data

The historical data trend for Wealth First Portfolio Managers'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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Wealth First Portfolio Managers ROCE % Chart

Wealth First Portfolio Managers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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30.13

6.41

44.50

43.74

26.01

Wealth First Portfolio Managers Quarterly Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															28.31	10.05	58.41	54.56	57.16

Wealth First Portfolio Managers ROCE % Calculation

Wealth First Portfolio Managers'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 )
	=	186.812	/	( ( (716.96 - 54.125)	+	(802.856 - 29.469) )	/ 2 )
	=	186.812	/	( (662.835	+	773.387)	/ 2 )
	=	186.812	/	718.111
	=	26.01 %

Wealth First Portfolio Managers'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 )
	=	536.632	/	( ( (978.366 - 39.525)	+	(0 - 0) )	/ 1 )
	=	536.632	/	( ( 938.841	+	0 )	/ 1 )
	=	536.632	/	938.841
	=	57.16 %

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

Wealth First Portfolio Managers (NSE:WEALTH) 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.

Wealth First Portfolio Managers ROCE % Related Terms

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Wealth First Portfolio Managers (NSE:WEALTH) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Wealth First Portfolio Managers Ltd (NSE:WEALTH) » Definitions » ROCE %

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Address

Near Prahaladnagar Garden, Off S.G. Highway, Capitol House, 10 Paras-II, Anandnagar, Near Campus Corner, Ahmedabad, GJ, IND, 380015

Website

https://www.wealth-firstonline.com

Wealth First Portfolio Managers Ltd is a financial service provider for various types of financial products available in the Indian market. The company offers research for products that deliver compatible performance in terms of yield. The product portfolio of the company consists of government bonds and securities, direct equity, cash management services, derivative products, mutual funds, insurance products, commodities, and market-making services. The mutual fund brokerage generates maximum revenue for the company. It offers its services only to the Indian market.

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