Avonmore Capital & Management Services (NSE:AVONMORE) ROCE % : 7.34% (As of Mar. 2024)

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What is Avonmore Capital & Management Services 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. Avonmore Capital & Management Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.34%.

Avonmore Capital & Management Services ROCE % Historical Data

The historical data trend for Avonmore Capital & Management Services'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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Avonmore Capital & Management Services ROCE % Chart

Avonmore Capital & Management Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.55

12.90

16.58

43.85

5.94

Avonmore Capital & Management Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.08	4.94	5.04	6.20	7.34

Avonmore Capital & Management Services ROCE % Calculation

Avonmore Capital & Management Services'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 )
	=	254.2	/	( ( (4430.407 - 539.605)	+	(5240.2 - 565.4) )	/ 2 )
	=	254.2	/	( (3890.802	+	4674.8)	/ 2 )
	=	254.2	/	4282.801
	=	5.94 %

Avonmore Capital & Management Services'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 )
	=	343.2	/	( ( (0 - 0)	+	(5240.2 - 565.4) )	/ 1 )
	=	343.2	/	( ( 0	+	4674.8 )	/ 1 )
	=	343.2	/	4674.8
	=	7.34 %

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

Avonmore Capital & Management Services (NSE:AVONMORE) 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.

Avonmore Capital & Management Services ROCE % Related Terms

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Avonmore Capital & Management Services (NSE:AVONMORE) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Avonmore Capital & Management Services Ltd (NSE:AVONMORE) » Definitions » ROCE %

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511589:India

Address

F-33/3, Okhla Industrial Area, Phase-II, New Delhi, IND, 110 020

Website

https://www.avonmorecapital.in/

Avonmore Capital & Management Services Ltd is a non-banking financial institution. The company's business segments are debt and equity market operations which comprise trading in securities and bonds; consultancy and advisory fees comprise merchant banking, underwriting commission, corporate and infrastructure advisory, and loan syndication fees and arranger of debts; investment activities comprise profit on the sale of an investment; finance activities comprise granting of loans; wealth advisory/broking activities; healthcare activities comprises to establish, administer, own and run the eye care hospitals. Wealth / Broking activities comprises commodity broking on various commodity exchanges in the country, stock and share broking on National Stock Exchange of India Limited.

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