Asit C Mehta Financial Services (BOM:530723) ROCE % : -4.43% (As of Dec. 2023)

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What is Asit C Mehta Financial 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. Asit C Mehta Financial Services's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.43%.

Asit C Mehta Financial Services ROCE % Historical Data

The historical data trend for Asit C Mehta Financial 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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Asit C Mehta Financial Services ROCE % Chart

Asit C Mehta Financial Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.61

-3.02

15.97

14.16

-0.57

Asit C Mehta Financial Services 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															-1.06	12.11	-11.96	4.04	-4.43

Asit C Mehta Financial Services ROCE % Calculation

Asit C Mehta Financial Services'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 )
	=	-3.509	/	( ( (1703.362 - 1057.462)	+	(1592.918 - 1011.796) )	/ 2 )
	=	-3.509	/	( (645.9	+	581.122)	/ 2 )
	=	-3.509	/	613.511
	=	-0.57 %

Asit C Mehta Financial Services'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 )
	=	-25.308	/	( ( (1730.227 - 1158.739)	+	(0 - 0) )	/ 1 )
	=	-25.308	/	( ( 571.488	+	0 )	/ 1 )
	=	-25.308	/	571.488
	=	-4.43 %

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

Asit C Mehta Financial Services (BOM:530723) 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.

Asit C Mehta Financial Services ROCE % Related Terms

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Asit C Mehta Financial Services (BOM:530723) Business Description

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Traded in Other Exchanges

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Address

Saki Vihar Road, Pantomath Nucleus House, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.acmfsl.com

Asit C Mehta Financial Services Ltd is engaged in the business of Renting immovable properties, The Company also invests in Start-ups and other Businesses. It operates in various 'Business segments' which are Investment Activities, Advisory & Consultancy Services, Information Technology Enabled Services (IT), and Stock Broking & Allied Services. The company generates maximum revenue from the Stock Broking and Allied Services segment. Geographically, it operates in the domestic market.

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