Alka Securities (BOM:532166) ROCE % : -1.84% (As of Mar. 2024)

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What is Alka 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. Alka Securities's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.84%.

Alka Securities ROCE % Historical Data

The historical data trend for Alka 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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Alka Securities ROCE % Chart

Alka Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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12.71

Alka 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															4.31	35.92	14.97	-36.26	-1.84

Alka Securities ROCE % Calculation

Alka 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 )
	=	0.6	/	( ( (15.08 - 12.474)	+	(22.061 - 15.223) )	/ 2 )
	=	0.6	/	( (2.606	+	6.838)	/ 2 )
	=	0.6	/	4.722
	=	12.71 %

Alka 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 )
	=	-0.12	/	( ( (26.3 - 20.101)	+	(22.061 - 15.223) )	/ 2 )
	=	-0.12	/	( ( 6.199	+	6.838 )	/ 2 )
	=	-0.12	/	6.5185
	=	-1.84 %

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

Alka Securities (BOM:532166) 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.

Alka Securities ROCE % Related Terms

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Alka Securities (BOM:532166) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Alka Securities Ltd (BOM:532166) » Definitions » ROCE %

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N/A

Address

Subhas Road, 109, Frist Floor, Esquare Premises Co-operative society limited, Vile Parle (East), Mumbai, MH, IND, 400057

Website

https://www.aslventure.com

Alka Securities Ltd is a financial services company. It is engaged in investment advisory, restructuring and venture capital. The company is principally involved in the wholesale debt market primarily in Government securities.

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