Mathew Easow Research Securities (BOM:511688) ROCE % : 0.06% (As of Dec. 2023)

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What is Mathew Easow Research Securities 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. Mathew Easow Research Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.06%.

Mathew Easow Research Securities ROCE % Historical Data

The historical data trend for Mathew Easow Research Securities'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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Mathew Easow Research Securities ROCE % Chart

Mathew Easow Research Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.79

6.80

1.34

0.26

0.89

Mathew Easow Research Securities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.34	5.10	-0.78	0.04	0.06

Mathew Easow Research Securities ROCE % Calculation

Mathew Easow Research Securities'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 )
	=	1.251	/	( ( (484.187 - 344.283)	+	(460.25 - 319.899) )	/ 2 )
	=	1.251	/	( (139.904	+	140.351)	/ 2 )
	=	1.251	/	140.1275
	=	0.89 %

Mathew Easow Research Securities'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 )
	=	0.284	/	( ( (481.849 - 0.475)	+	(0 - 0) )	/ 1 )
	=	0.284	/	( ( 481.374	+	0 )	/ 1 )
	=	0.284	/	481.374
	=	0.06 %

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

Mathew Easow Research Securities (BOM:511688) 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.

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Mathew Easow Research Securities (BOM:511688) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mathew Easow Research Securities Ltd (BOM:511688) » Definitions » ROCE %

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Address

128, Rash behari Avenue, Rajkamal Building, 1st Floor, Kolkata, WB, IND, 700029

Website

https://www.mersl.co.in

Mathew Easow Research Securities Ltd is a non-banking financial company (NBDC). The company is involved in investment and finance activities. It assists corporate bodies through the syndication of loans from various bodies, including corporate/banks and financial institutions. The company also finances corporates from banks. Its primary revenue source is interest income.

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