Ushakiran Finance (BOM:511507) ROCE % : 6.32% (As of Sep. 2024)

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What is Ushakiran 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. Ushakiran Finance's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.32%.

Ushakiran Finance ROCE % Historical Data

The historical data trend for Ushakiran 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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Ushakiran Finance ROCE % Chart

Ushakiran Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-1.84

4.88

1.24

0.59

1.09

Ushakiran 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															1.87	1.90	-0.52	1.68	6.32

Ushakiran Finance ROCE % Calculation

Ushakiran 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 )
	=	1.701	/	( ( (116.63 - 0.175)	+	(194.371 - 0.125) )	/ 2 )
	=	1.701	/	( (116.455	+	194.246)	/ 2 )
	=	1.701	/	155.3505
	=	1.09 %

Ushakiran 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 )
	=	13.248	/	( ( (0 - 0)	+	(209.781 - 0) )	/ 1 )
	=	13.248	/	( ( 0	+	209.781 )	/ 1 )
	=	13.248	/	209.781
	=	6.32 %

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

Ushakiran Finance (BOM:511507) 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.

Ushakiran Finance ROCE % Related Terms

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Ushakiran Finance Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ushakiran Finance Ltd (BOM:511507) » Definitions » ROCE %

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Address

Chirag Ali Lane, 405, Raghava Ratna Towers, Hyderabad, TG, IND, 500001

Website

http://www.uflfinance.com

Ushakiran Finance Ltd is an Indian based firm operates as a non-banking finance company. It provides financing services; and invests and trades in equity shares. The company also offers financial and consulting services, such as preparation of project reports, loan syndications and capital and debt restructuring. The company is engaged in a single segment Investments and financing.

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