Karnavati Finance (BOM:538928) ROCE % : -1.29% (As of Mar. 2024)

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What is Karnavati Finance 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. Karnavati Finance's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.29%.

Karnavati Finance ROCE % Historical Data

The historical data trend for Karnavati Finance'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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Karnavati Finance ROCE % Chart

Karnavati Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.53

0.04

2.49

3.64

-5.82

Karnavati Finance 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															-2.03	-5.45	8.47	-22.71	-1.29

Karnavati Finance ROCE % Calculation

Karnavati Finance'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 )
	=	-15.768	/	( ( (273.544 - 8.029)	+	(287.311 - 10.636) )	/ 2 )
	=	-15.768	/	( (265.515	+	276.675)	/ 2 )
	=	-15.768	/	271.095
	=	-5.82 %

Karnavati Finance'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 )
	=	-3.556	/	( ( (0 - 0)	+	(287.311 - 10.636) )	/ 1 )
	=	-3.556	/	( ( 0	+	276.675 )	/ 1 )
	=	-3.556	/	276.675
	=	-1.29 %

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

Karnavati Finance (BOM:538928) 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.

Karnavati Finance ROCE % Related Terms

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Karnavati Finance (BOM:538928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Karnavati Finance Ltd (BOM:538928) » Definitions » ROCE %

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N/A

Address

Limda Lane, Vraj, 5th Floor, Opposite President Hotel, Near Bhumi Press, Jamnagar, GJ, IND, 361001

Website

https://www.karnavatifinancelimited.com

Karnavati Finance Ltd is a non-banking financial company. The company provides lending, financing, and wealth management solutions. It offers customized solutions in areas of personal and business loans, corporate finance, mortgages, capital market-based lending, project loans, structured finance, wealth management and digital lending, debt capital markets, and syndication. The company generates revenue in the form of Interest Income.

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