Steel City Securities (NSE:STEELCITY) ROCE % : 15.49% (As of Dec. 2023)

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What is Steel City 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. Steel City Securities's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.49%.

Steel City Securities ROCE % Historical Data

The historical data trend for Steel City 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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Steel City Securities ROCE % Chart

Steel City Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.61

11.87

14.94

18.02

13.79

Steel City Securities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.83	9.19	10.23	14.51	15.49

Steel City Securities ROCE % Calculation

Steel City Securities'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 )
	=	149.724	/	( ( (1818.348 - 769.249)	+	(1834.414 - 711.452) )	/ 2 )
	=	149.724	/	( (1049.099	+	1122.962)	/ 2 )
	=	149.724	/	1086.0305
	=	13.79 %

Steel City Securities'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 )
	=	152.472	/	( ( (1807.623 - 822.995)	+	(0 - 0) )	/ 1 )
	=	152.472	/	( ( 984.628	+	0 )	/ 1 )
	=	152.472	/	984.628
	=	15.49 %

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

Steel City Securities (NSE:STEELCITY) 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.

Steel City Securities ROCE % Related Terms

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Steel City Securities (NSE:STEELCITY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Steel City Securities Ltd (NSE:STEELCITY) » Definitions » ROCE %

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Address

50-81-18, Seethammapeta Main Raod, Steel City Heights, Visakhapatnam, AP, IND, 530016

Website

https://www.steelcitynettrade.com

Steel City Securities Ltd is engaged in the business of retail broking (securities and commodity broking), DP Services, E-Governance, Services of EA of UIDAI, Corporate insurance agents, and marketing support services. The operating segment of the company is Stock and Commodity Broking and DP Operations and E-Governance Operations. It generates maximum revenue from the Stockbroking and DP Operations.

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