SPS Finquest (BOM:538402) ROCE % : 6.93% (As of Dec. 2023)

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What is SPS Finquest 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. SPS Finquest's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.93%.

SPS Finquest ROCE % Historical Data

The historical data trend for SPS Finquest'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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SPS Finquest ROCE % Chart

SPS Finquest Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.28

-0.52

23.52

1.60

-0.77

SPS Finquest Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-0.39	-1.98	9.84	3.45	6.93

SPS Finquest ROCE % Calculation

SPS Finquest'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 )
	=	-6.659	/	( ( (872.9 - 0.147)	+	(863.589 - 0.415) )	/ 2 )
	=	-6.659	/	( (872.753	+	863.174)	/ 2 )
	=	-6.659	/	867.9635
	=	-0.77 %

SPS Finquest'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 )
	=	55.748	/	( ( (804.343 - 0.292)	+	(0 - 0) )	/ 1 )
	=	55.748	/	( ( 804.051	+	0 )	/ 1 )
	=	55.748	/	804.051
	=	6.93 %

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

SPS Finquest (BOM:538402) 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.

SPS Finquest ROCE % Related Terms

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SPS Finquest (BOM:538402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SPS Finquest Ltd (BOM:538402) » Definitions » ROCE %

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Address

B.S.Marg, R-514, 5th Floor, Rotunda Building, Fort, Mumbai, MH, IND, 400001

Website

https://www.spsfinquest.co.in

SPS Finquest Ltd is an Indian non-banking finance company that is mainly engaged in stock financing and providing inter-corporate loans. It has operations in the field of Stockbroking, Depository participation, Margin Funding Facility, Working Capital Facility, and Loan Against Shares. Geographically, it operates in India.

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