Multibase India (BOM:526169) ROCE % : 11.63% (As of Dec. 2023)

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What is Multibase India 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. Multibase India's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.63%.

Multibase India ROCE % Historical Data

The historical data trend for Multibase India'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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Multibase India ROCE % Chart

Multibase India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.94

5.93

8.80

7.42

10.69

Multibase India 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															8.28	20.97	10.25	8.24	11.63

Multibase India ROCE % Calculation

Multibase India'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 )
	=	132.112	/	( ( (1297.512 - 106.783)	+	(1371.451 - 91.499) )	/ 2 )
	=	132.112	/	( (1190.729	+	1279.952)	/ 2 )
	=	132.112	/	1235.3405
	=	10.69 %

Multibase India'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 )
	=	150.972	/	( ( (1419.58 - 121.712)	+	(0 - 0) )	/ 1 )
	=	150.972	/	( ( 1297.868	+	0 )	/ 1 )
	=	150.972	/	1297.868
	=	11.63 %

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

Multibase India (BOM:526169) 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.

Multibase India ROCE % Related Terms

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Multibase India (BOM:526169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Multibase India Ltd (BOM:526169) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bandra Kurla Complex Road, 81,82,83, 8th Floor, 2 North Avenue Maker Maxity, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.multibaseindia.com

Multibase India Ltd is engaged in manufacturing trading and selling of Polypropylene Compound, Thermoplastic Elastomer, Silicon Master Batch and Thermoplastic Master Batch. Its products include TPSiV Multiflex, Thermoplastic Elastomer, Siloxane Masterbatch and Multipro. The company increased its presence in the Automotive and Silicon-based thermoplastics segment. It generates maximum revenue from India.

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