Akme Fintrade (India) (BOM:544200) ROCE % : 7.07% (As of Sep. 2024)

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What is Akme Fintrade (India) 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. Akme Fintrade (India)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 7.07%.

Akme Fintrade (India) ROCE % Historical Data

The historical data trend for Akme Fintrade (India)'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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Akme Fintrade (India) ROCE % Chart

Akme Fintrade (India) Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

7.98

6.22

2.89

7.22

Akme Fintrade (India) Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Sep24
ROCE %	Get a 7-Day Free Trial			-	6.73	8.57	7.26	7.07

Akme Fintrade (India) ROCE % Calculation

Akme Fintrade (India)'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 )
	=	204.462	/	( ( (3740.135 - 1277.78)	+	(3905.002 - 705.961) )	/ 2 )
	=	204.462	/	( (2462.355	+	3199.041)	/ 2 )
	=	204.462	/	2830.698
	=	7.22 %

Akme Fintrade (India)'s ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	399.486	/	( ( (0 - 0)	+	(5678.487 - 30.91) )	/ 1 )
	=	399.486	/	( ( 0	+	5647.577 )	/ 1 )
	=	399.486	/	5647.577
	=	7.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Akme Fintrade (India) (BOM:544200) 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.

Akme Fintrade (India) ROCE % Related Terms

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Akme Fintrade (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AFIL:India

Address

608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069

Website

Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

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