Nippon Life India Asset Management (BOM:540767) ROCE % : 34.80% (As of Mar. 2024)

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What is Nippon Life India Asset 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. Nippon Life India Asset Management's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.80%.

Nippon Life India Asset Management ROCE % Historical Data

The historical data trend for Nippon Life India Asset 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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Nippon Life India Asset Management ROCE % Chart

Nippon Life India Asset Management Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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21.21

30.05

29.13

25.70

34.15

Nippon Life India Asset Management 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															26.42	34.21	32.70	37.69	34.80

Nippon Life India Asset Management ROCE % Calculation

Nippon Life India Asset Management'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 )
	=	13587.2	/	( ( (38609.1 - 2223.6)	+	(43750.4 - 568.8) )	/ 2 )
	=	13587.2	/	( (36385.5	+	43181.6)	/ 2 )
	=	13587.2	/	39783.55
	=	34.15 %

Nippon Life India Asset Management'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 )
	=	15028.4	/	( ( (0 - 0)	+	(43750.4 - 568.8) )	/ 1 )
	=	15028.4	/	( ( 0	+	43181.6 )	/ 1 )
	=	15028.4	/	43181.6
	=	34.80 %

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

Nippon Life India Asset Management (BOM:540767) 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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Nippon Life India Asset Management (BOM:540767) Business Description

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NAM-INDIA:India

Address

Ganapatrao Kadam Marg, 4th Floor, Tower A, Peninsula Business Park, Lower Parel (W), Mumbai, MH, IND, 400013

Website

https://mf.nipponindiaim.com

Nippon Life India Asset Management Ltd is an asset management company managing equity and fixed-income mutual funds. It engages in managing mutual funds including exchange-traded funds (ETFs); managed accounts, including portfolio management services, alternative investment funds, and pension funds; and offshore funds and advisory mandates. The group mainly focuses on equity funds, debt funds, gold funds, liquid funds, ETFs, retirement funds, and others.

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