Almondz Global Securities (BOM:531400) ROCE % : 29.88% (As of Dec. 2023)

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What is Almondz Global 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. Almondz Global Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 29.88%.

Almondz Global Securities ROCE % Historical Data

The historical data trend for Almondz Global 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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Almondz Global Securities ROCE % Chart

Almondz Global Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.29

2.94

12.55

12.86

9.71

Almondz Global 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															10.69	6.60	9.76	8.06	29.88

Almondz Global Securities ROCE % Calculation

Almondz Global 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 )
	=	198.718	/	( ( (2516.863 - 593.467)	+	(2710.374 - 539.345) )	/ 2 )
	=	198.718	/	( (1923.396	+	2171.029)	/ 2 )
	=	198.718	/	2047.2125
	=	9.71 %

Almondz Global 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 )
	=	848.4	/	( ( (3065.4 - 225.7)	+	(0 - 0) )	/ 1 )
	=	848.4	/	( ( 2839.7	+	0 )	/ 1 )
	=	848.4	/	2839.7
	=	29.88 %

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

Almondz Global Securities (BOM:531400) 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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Almondz Global Securities (BOM:531400) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Almondz Global Securities Ltd (BOM:531400) » Definitions » ROCE %

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ALMONDZ:India

Address

175, CST Road,, Level 5, Grande Palladium, Off BKC, Kalina, Santarcruz (East), Mumbai, MH, IND, 400098

Website

https://www.almondzglobal.com

Almondz Global Securities Ltd is an Indian provider of financial services. It offers investment banking, institutional equity sales, trading, research, broking, private and corporate wealth management, depository, insurance, reinsurance broking, and other services. The company also provides various advisory services including, financial advisory (investment advisory and equity broking services), depository participant services, and private equity to a diversified client base of corporates. Business segments include Debt and equity market operations, Corporate finance and advisory fees, Broking activities and Wealth advisory. Substantial revenue accrues from the Corporate finance and advisory fee segment.

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