HDFC Asset Management Co (BOM:541729) ROCE % : 36.29% (As of Mar. 2024)

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What is HDFC Asset Management Co 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. HDFC Asset Management Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 36.29%.

HDFC Asset Management Co ROCE % Historical Data

The historical data trend for HDFC Asset Management Co'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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HDFC Asset Management Co ROCE % Chart

HDFC Asset Management Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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46.18

38.95

35.15

31.29

35.94

HDFC Asset Management Co 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															31.30	36.33	37.31	40.32	36.29

HDFC Asset Management Co ROCE % Calculation

HDFC Asset Management Co'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 )
	=	24841.1	/	( ( (65361.4 - 2209.2)	+	(75538.5 - 452.2) )	/ 2 )
	=	24841.1	/	( (63152.2	+	75086.3)	/ 2 )
	=	24841.1	/	69119.25
	=	35.94 %

HDFC Asset Management Co'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 )
	=	27246.4	/	( ( (0 - 0)	+	(75538.5 - 452.2) )	/ 1 )
	=	27246.4	/	( ( 0	+	75086.3 )	/ 1 )
	=	27246.4	/	75086.3
	=	36.29 %

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

HDFC Asset Management Co (BOM:541729) 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.

HDFC Asset Management Co ROCE % Related Terms

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HDFC Asset Management Co (BOM:541729) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » HDFC Asset Management Co Ltd (BOM:541729) » Definitions » ROCE %

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Traded in Other Exchanges

HDFCAMC:India

Address

H.T. Parekh Marg, HDFC House, 2nd Floor, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.hdfcfund.com

HDFC Asset Management Co Ltd is an asset management company. The company is in the business of providing asset management services to HDFC Mutual Fund and portfolio management and advisory services to clients. Geographically, it derives a majority of revenue from within India.

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