A.K. Capital Services (BOM:530499) ROCE % : 8.13% (As of Sep. 2024)

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What is A.K. Capital Services 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. A.K. Capital Services's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.13%.

A.K. Capital Services ROCE % Historical Data

The historical data trend for A.K. Capital Services'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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A.K. Capital Services ROCE % Chart

A.K. Capital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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8.82

11.41

11.50

10.22

9.58

A.K. Capital Services 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															7.93	8.40	10.48	9.16	8.13

A.K. Capital Services ROCE % Calculation

A.K. Capital Services'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 )
	=	3185.699	/	( ( (31183.083 - 1062.052)	+	(38063.46 - 1704.042) )	/ 2 )
	=	3185.699	/	( (30121.031	+	36359.418)	/ 2 )
	=	3185.699	/	33240.2245
	=	9.58 %

A.K. Capital Services'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 )
	=	3183.984	/	( ( (0 - 0)	+	(39226.479 - 61.044) )	/ 1 )
	=	3183.984	/	( ( 0	+	39165.435 )	/ 1 )
	=	3183.984	/	39165.435
	=	8.13 %

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

A.K. Capital Services (BOM:530499) 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.

A.K. Capital Services ROCE % Related Terms

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A.K. Capital Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » A.K. Capital Services Ltd (BOM:530499) » Definitions » ROCE %

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Address

Off CST Road, 603, 6th Floor, Windsor, Kalina, Santacruz (East), Mumbai, IND, 400 098

Website

https://www.akgroup.co.in

A.K. Capital Services Ltd is engaged in the provision of merchant banking services within India. The company operates in a single operating segment i.e. Merchant Banking, Advisory Services, Financing and Investment Activities, Stock Broking and Portfolio Management Services, within India. Its investment banking products and services include private placement of fixed income securities such as commercial paper, public issue of bond and non-convertible debentures, loan syndication, underwriting of debt issues, qualified institutional placements and others. In addition, it is involved in providing various services related to Broking & Distribution, Advisory, Financing, and Structured Products such as corporate debt restructuring, fundraising, offshore debt financing, and others.

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