Wallfort Financial Services (BOM:532053) ROCE % : -1.44% (As of Mar. 2024)

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What is Wallfort 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. Wallfort Financial Services's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.44%.

Wallfort Financial Services ROCE % Historical Data

The historical data trend for Wallfort 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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Wallfort Financial Services ROCE % Chart

Wallfort Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-26.65

20.76

14.84

5.28

26.88

Wallfort Financial Services 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															-16.28	48.44	33.72	26.24	-1.44

Wallfort Financial Services ROCE % Calculation

Wallfort Financial 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 )
	=	365.91	/	( ( (1269.3 - 48.974)	+	(1589.095 - 86.771) )	/ 2 )
	=	365.91	/	( (1220.326	+	1502.324)	/ 2 )
	=	365.91	/	1361.325
	=	26.88 %

Wallfort Financial Services'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 )
	=	-21.676	/	( ( (0 - 0)	+	(1589.095 - 86.771) )	/ 1 )
	=	-21.676	/	( ( 0	+	1502.324 )	/ 1 )
	=	-21.676	/	1502.324
	=	-1.44 %

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

Wallfort Financial Services (BOM:532053) 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.

Wallfort Financial Services ROCE % Related Terms

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Wallfort Financial Services (BOM:532053) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Wallfort Financial Services Ltd (BOM:532053) » Definitions » ROCE %

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Address

S.B.Singh Road, 201, Hari Chambers, 58/64, Fort, Mumbai, MH, IND, 400001

Website

https://www.wallfort.com

Wallfort Financial Services Ltd is an Indian-based broking company. It offers both institutional stockbroking services and corporate advisory focusing on banks, financial institutions, mutual funds, and foreign institutional investors. The company also acts as a depository participant for NSDL (National Securities Depository Limited) and CDSL (Central Depository Services (India) Ltd.

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