Lakshmi Finance & Industrial (NSE:LFIC) ROCE % : 34.37% (As of Dec. 2023)

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What is Lakshmi Finance & Industrial 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. Lakshmi Finance & Industrial's annualized ROCE % for the quarter that ended in Dec. 2023 was 34.37%.

Lakshmi Finance & Industrial ROCE % Historical Data

The historical data trend for Lakshmi Finance & Industrial'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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Lakshmi Finance & Industrial ROCE % Chart

Lakshmi Finance & Industrial Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.04

-23.65

35.38

13.36

0.41

Lakshmi Finance & Industrial 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															9.37	-4.90	30.16	20.37	34.37

Lakshmi Finance & Industrial ROCE % Calculation

Lakshmi Finance & Industrial'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 )
	=	2.032	/	( ( (497.645 - 0.989)	+	(489.868 - 1.745) )	/ 2 )
	=	2.032	/	( (496.656	+	488.123)	/ 2 )
	=	2.032	/	492.3895
	=	0.41 %

Lakshmi Finance & Industrial'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 )
	=	185.376	/	( ( (541.825 - 2.453)	+	(0 - 0) )	/ 1 )
	=	185.376	/	( ( 539.372	+	0 )	/ 1 )
	=	185.376	/	539.372
	=	34.37 %

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

Lakshmi Finance & Industrial (NSE:LFIC) 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.

Lakshmi Finance & Industrial ROCE % Related Terms

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Lakshmi Finance & Industrial (NSE:LFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lakshmi Finance & Industrial Corp Ltd (NSE:LFIC) » Definitions » ROCE %

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Address

1st Floor, Suryodaya, 1-10-60/3, Begumpet, Hyderabad, TG, IND, 500016

Website

http://www.lakshmifinance.org.in

Lakshmi Finance & Industrial Corp Ltd is an India-based non-banking finance company. The company is involved in financial activities mainly in long-term investments such as equity shares and mutual funds. The company is also engaged in leasing, hire purchase, bill discounting, and corporate finance. The company generates revenue from the sale of non-current investments, dividends on non-current investments, interest on debentures, and deposits with banks.

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