ICICI Securities (NSE:ISEC) ROCE % : 18.07% (As of Mar. 2024)

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What is ICICI 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. ICICI Securities's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.07%.

ICICI Securities ROCE % Historical Data

The historical data trend for ICICI 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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ICICI Securities ROCE % Chart

ICICI Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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61.76

84.65

89.59

71.73

24.92

ICICI 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															69.67	72.46	16.80	18.94	18.07

ICICI Securities ROCE % Calculation

ICICI 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 )
	=	32644.7	/	( ( (155688 - 125381.9)	+	(256226.7 - 24549.1) )	/ 2 )
	=	32644.7	/	( (30306.1	+	231677.6)	/ 2 )
	=	32644.7	/	130991.85
	=	24.92 %

ICICI 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 )
	=	41861.6	/	( ( (0 - 0)	+	(256226.7 - 24549.1) )	/ 1 )
	=	41861.6	/	( ( 0	+	231677.6 )	/ 1 )
	=	41861.6	/	231677.6
	=	18.07 %

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

ICICI Securities (NSE:ISEC) 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.

ICICI Securities ROCE % Related Terms

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ICICI Securities (NSE:ISEC) Business Description

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541179:India

Address

Shree Sawan Knowledge Park, Plot No. D-507, T.T.C. Industrial Area, MIDC, Turbhe, Navi Mumbai, MH, IND, 400 705

Website

https://www.icicisecurities.com

ICICI Securities Ltd is a technology-based firm offering a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. The company serves corporates, financial institutions, high net-worth individuals, and retail investors. Its operating segments include Broking and distribution; Issuer services and advisory and Treasury. The company generates maximum revenue from the Broking and distribution segment.

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