Nuvama Wealth Management (NSE:NUVAMA) ROCE % : 8.32% (As of Sep. 2023)

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What is Nuvama Wealth Management 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. Nuvama Wealth Management's annualized ROCE % for the quarter that ended in Sep. 2023 was 8.32%.

Nuvama Wealth Management ROCE % Historical Data

The historical data trend for Nuvama Wealth Management'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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Nuvama Wealth Management ROCE % Chart

Nuvama Wealth Management Annual Data

Trend

ROCE %

Nuvama Wealth Management Semi-Annual Data
	Sep22	Sep23
ROCE %	-	8.32

Nuvama Wealth Management ROCE % Calculation

Nuvama Wealth Management's annualized ROCE % for the fiscal year that ended in . 20 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: . 20 )		(A: . 20 )		(A: . 20 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Nuvama Wealth Management's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Sep. 2022 )		(Q: Sep. 2023 )
	=	12199.4	/	( ( (0 - 0)	+	(178748.7 - 32146.2) )	/ 1 )
	=	12199.4	/	( ( 0	+	146602.5 )	/ 1 )
	=	12199.4	/	146602.5
	=	8.32 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Nuvama Wealth Management (NSE:NUVAMA) 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.

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Nuvama Wealth Management (NSE:NUVAMA) Business Description

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543988:India

Address

BKC Main Road, 8th floor, Inspire BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.nuvamaprivate.com

Nuvama Wealth Management Ltd is an India-based leading wealth management solution provider with a presence across wealth & investment management, institutional securities, and custodial and advisory services. Its purpose is to help its clients capture opportunities and trends in financial markets and protect them from risks in a volatile world.

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