Prudentorate Advisory Services (NSE:PRUDENT) ROCE % : 43.94% (As of Mar. 2024)

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What is Prudentorate Advisory 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. Prudentorate Advisory Services's annualized ROCE % for the quarter that ended in Mar. 2024 was 43.94%.

Prudentorate Advisory Services ROCE % Historical Data

The historical data trend for Prudentorate Advisory 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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Prudentorate Advisory Services ROCE % Chart

Prudentorate Advisory Services Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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39.11

43.43

52.35

48.85

39.53

Prudentorate Advisory Services Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial									47.98	55.86	38.89	43.30	43.94

Prudentorate Advisory Services ROCE % Calculation

Prudentorate Advisory 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 )
	=	1879.331	/	( ( (5198.994 - 1202.66)	+	(7575.554 - 2062.873) )	/ 2 )
	=	1879.331	/	( (3996.334	+	5512.681)	/ 2 )
	=	1879.331	/	4754.5075
	=	39.53 %

Prudentorate Advisory 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 )
	=	2422.44	/	( ( (0 - 0)	+	(7575.554 - 2062.873) )	/ 1 )
	=	2422.44	/	( ( 0	+	5512.681 )	/ 1 )
	=	2422.44	/	5512.681
	=	43.94 %

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

Prudentorate Advisory Services (NSE:PRUDENT) 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.

Prudentorate Advisory Services ROCE % Related Terms

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Prudentorate Advisory Services (NSE:PRUDENT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prudent Corporate Advisory Services Ltd (NSE:PRUDENT) » Definitions » ROCE %

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543527:India

Address

Panjarapole Cross Road, Prudent House, 3 Devang Park Society, Nr. Polytechnic, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.prudentcorporate.com

Prudent Corporate Advisory Services Ltd provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plans, Asset Allocation, Fixed Income Products, Property, and loans.

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