Mehta Integrated Finance (BOM:511377) ROCE % : -0.68% (As of Dec. 2023)

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What is Mehta Integrated Finance 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. Mehta Integrated Finance's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.68%.

Mehta Integrated Finance ROCE % Historical Data

The historical data trend for Mehta Integrated Finance'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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Mehta Integrated Finance ROCE % Chart

Mehta Integrated Finance Annual Data

Trend

Aug14

Aug15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.26

1.45

-0.21

-1.98

3.41

Mehta Integrated Finance 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															-1.40	4.11	-0.52	10.19	-0.68

Mehta Integrated Finance ROCE % Calculation

Mehta Integrated Finance'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 )
	=	5.365	/	( ( (159.777 - 5.302)	+	(162.464 - 2.623) )	/ 2 )
	=	5.365	/	( (154.475	+	159.841)	/ 2 )
	=	5.365	/	157.158
	=	3.41 %

Mehta Integrated Finance'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 )
	=	-1.108	/	( ( (166.481 - 2.676)	+	(0 - 0) )	/ 1 )
	=	-1.108	/	( ( 163.805	+	0 )	/ 1 )
	=	-1.108	/	163.805
	=	-0.68 %

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

Mehta Integrated Finance (BOM:511377) 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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Mehta Integrated Finance (BOM:511377) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mehta Integrated Finance Ltd (BOM:511377) » Definitions » ROCE %

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Address

03, Law Garden Apartment, Scheme-I, Opposite Law Garden, Ellisbridge, Ahmedabad, GJ, IND, 380006

Website

http://www.mehtafinance.com

Mehta Integrated Finance Ltd is an India based company engaged in the capital markets business sector. The company provides asset management, initial public offering, investment banking, corporate finance, and debts syndication, valuation, corporate advisory, and mergers and acquisitions. The company operates in Consulting and Capital Market investments.

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