Mefcom Capital Markets (BOM:531176) ROCE % : 76.68% (As of Dec. 2023)

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What is Mefcom Capital Markets 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. Mefcom Capital Markets's annualized ROCE % for the quarter that ended in Dec. 2023 was 76.68%.

Mefcom Capital Markets ROCE % Historical Data

The historical data trend for Mefcom Capital Markets'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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Mefcom Capital Markets ROCE % Chart

Mefcom Capital Markets Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-11.21

-14.71

15.97

26.05

-28.20

Mefcom Capital Markets 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															-5.66	-44.82	54.34	38.13	76.68

Mefcom Capital Markets ROCE % Calculation

Mefcom Capital Markets'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 )
	=	-48.342	/	( ( (282.519 - 85.51)	+	(213.696 - 67.887) )	/ 2 )
	=	-48.342	/	( (197.009	+	145.809)	/ 2 )
	=	-48.342	/	171.409
	=	-28.20 %

Mefcom Capital Markets'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 )
	=	151.568	/	( ( (266.185 - 68.517)	+	(0 - 0) )	/ 1 )
	=	151.568	/	( ( 197.668	+	0 )	/ 1 )
	=	151.568	/	197.668
	=	76.68 %

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

Mefcom Capital Markets (BOM:531176) 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.

Mefcom Capital Markets ROCE % Related Terms

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Mefcom Capital Markets (BOM:531176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mefcom Capital Markets Ltd (BOM:531176) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, 77, Nehru Place, Sanchi Building, Flat No. 18, New Delhi, IND, 110019

Website

https://www.mefcom.in

Mefcom Capital Markets Ltd is an India-based company engaged in capital market operations and merchant banking activities. The company provides investment and financial services in the field of investment banking, corporate advisory, mergers and acquisitions, brokerage, and trading in equities, derivatives, commodities, and others. It operates through the business segments of Trading in Shares & Securities and Merchant Banking Services. The group operates in India and derives maximum revenue from the Trading in Shares & Securities segment.

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