Nahar Capital & Financial Services (BOM:532952) ROCE % : 1.88% (As of Mar. 2024)

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What is Nahar Capital & 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. Nahar Capital & Financial Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.88%.

Nahar Capital & Financial Services ROCE % Historical Data

The historical data trend for Nahar Capital & 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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Nahar Capital & Financial Services ROCE % Chart

Nahar Capital & Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.45

8.57

22.47

6.03

0.93

Nahar Capital & 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															3.14	0.14	1.41	0.13	1.88

Nahar Capital & Financial Services ROCE % Calculation

Nahar Capital & 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 )
	=	151.008	/	( ( (16807.549 - 1491.537)	+	(16995.108 - 3.225) )	/ 2 )
	=	151.008	/	( (15316.012	+	16991.883)	/ 2 )
	=	151.008	/	16153.9475
	=	0.93 %

Nahar Capital & 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 )
	=	319.16	/	( ( (0 - 0)	+	(16995.108 - 3.225) )	/ 1 )
	=	319.16	/	( ( 0	+	16991.883 )	/ 1 )
	=	319.16	/	16991.883
	=	1.88 %

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

Nahar Capital & Financial Services (BOM:532952) 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.

Nahar Capital & Financial Services ROCE % Related Terms

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Nahar Capital & Financial Services (BOM:532952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nahar Capital & Financial Services Ltd (BOM:532952) » Definitions » ROCE %

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Traded in Other Exchanges

NAHARCAP:India

Address

375, Industrial Area - A, Nahar Tower, Ludhiana, PB, IND, 141003

Website

http://www.owmnahar.com

Nahar Capital & Financial Services Ltd is a non-deposit accepting non-banking financial service (NBFC) company. It is engaged in investment and financial activities. The company's segment includes Investment/Financial activity and Real estate activity. It generates maximum revenue from the Investment/Financial activity segment which consists of Long Term investment and Strategic Investments and Short Term Investment activities.

Nahar Capital & Financial Services (BOM:532952) Headlines

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