LKP Finance (BOM:507912) ROCE % : 15.90% (As of Sep. 2024)

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What is LKP Finance 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. LKP Finance's annualized ROCE % for the quarter that ended in Sep. 2024 was 15.90%.

LKP Finance ROCE % Historical Data

The historical data trend for LKP Finance'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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LKP Finance ROCE % Chart

LKP Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-13.80

34.87

15.77

6.27

23.18

LKP Finance Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															21.11	18.53	13.41	21.52	15.90

LKP Finance ROCE % Calculation

LKP Finance'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 )
	=	775.343	/	( ( (4249.438 - 1232.463)	+	(4563.562 - 890.143) )	/ 2 )
	=	775.343	/	( (3016.975	+	3673.419)	/ 2 )
	=	775.343	/	3345.197
	=	23.18 %

LKP Finance's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	721.856	/	( ( (0 - 0)	+	(4576.299 - 36.408) )	/ 1 )
	=	721.856	/	( ( 0	+	4539.891 )	/ 1 )
	=	721.856	/	4539.891
	=	15.90 %

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

LKP Finance (BOM:507912) 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.

LKP Finance ROCE % Related Terms

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LKP Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » LKP Finance Ltd (BOM:507912) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

112-A 203, Embassy Centre, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.lkpfinance.com

LKP Finance Ltd is an India-based non-banking finance company. The company is engaged in investing activities and other financial services. The entire business activity falls under one segment viz. Investment and financing activities. The products and services provided by the company include broking in cash and derivatives, internet-based trading, demat services, research, debt and money market broking, merchant banking, currency, loan against shares and margin funding, commodity trading, mutual fund distribution, new issue distribution, life insurance distribution, and other related services. Geographically, the company operates in India.

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