SKP Securities (BOM:531169) ROCE % : 35.67% (As of Mar. 2024)

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What is SKP 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. SKP Securities's annualized ROCE % for the quarter that ended in Mar. 2024 was 35.67%.

SKP Securities ROCE % Historical Data

The historical data trend for SKP 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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SKP Securities ROCE % Chart

SKP Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.69

17.82

23.96

15.10

29.12

SKP Securities Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.99	13.17	25.35	39.86	35.67

SKP Securities ROCE % Calculation

SKP Securities'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 )
	=	118.566	/	( ( (633.345 - 268.181)	+	(717.934 - 268.84) )	/ 2 )
	=	118.566	/	( (365.164	+	449.094)	/ 2 )
	=	118.566	/	407.129
	=	29.12 %

SKP Securities's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	160.176	/	( ( (0 - 0)	+	(717.934 - 268.84) )	/ 1 )
	=	160.176	/	( ( 0	+	449.094 )	/ 1 )
	=	160.176	/	449.094
	=	35.67 %

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

SKP Securities (BOM:531169) 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.

SKP Securities ROCE % Related Terms

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SKP Securities (BOM:531169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SKP Securities Ltd (BOM:531169) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1702-03 BioWonder, 789 Anandapur, E M Bypass, Kolkata, WB, IND, 700 107

Website

https://www.skpsecurities.com

SKP Securities Ltd provides financial service. The company is engaged in the business of providing stock broking services, depository services, distribution of mutual funds and wealth advisory services. The company's only reportable segment which is Broking and Dealing in Securities and related services. It serves Banks, Mutual Funds, Insurance Companies, Corporates and Business Houses, Charitable/Educational/Health Institutions, Non-Profit Organisations, and Others.

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