Magellanic Cloud (BOM:538891) ROCE % : 37.44% (As of Mar. 2024)

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What is Magellanic Cloud 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. Magellanic Cloud's annualized ROCE % for the quarter that ended in Mar. 2024 was 37.44%.

Magellanic Cloud ROCE % Historical Data

The historical data trend for Magellanic Cloud'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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Magellanic Cloud ROCE % Chart

Magellanic Cloud Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.76

2.03

24.98

34.95

30.02

Magellanic Cloud Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															23.97	26.98	25.25	29.33	37.44

Magellanic Cloud ROCE % Calculation

Magellanic Cloud'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 )
	=	1616.787	/	( ( (7236.433 - 2649.749)	+	(7998.36 - 1813.304) )	/ 2 )
	=	1616.787	/	( (4586.684	+	6185.056)	/ 2 )
	=	1616.787	/	5385.87
	=	30.02 %

Magellanic Cloud'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 )
	=	2315.976	/	( ( (0 - 0)	+	(7998.36 - 1813.304) )	/ 1 )
	=	2315.976	/	( ( 0	+	6185.056 )	/ 1 )
	=	2315.976	/	6185.056
	=	37.44 %

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

Magellanic Cloud (BOM:538891) 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.

Magellanic Cloud ROCE % Related Terms

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Magellanic Cloud (BOM:538891) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Magellanic Cloud Ltd (BOM:538891) » Definitions » ROCE %

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N/A

Address

Dallas Center, 83/1, Plot No. A1, 6th & 7th Floor, Hyderabad Knowledge City, Rai Durg, Madhapur, Hyderabad, TG, IND, 500032

Website

https://magellanic-cloud.com

Magellanic Cloud Ltd is a provider of IT services. It is engaged in software development, consulting, digital transformation, and DevOps. The company has also ventured into FMCG products. It operates through two segments, namely, IT Consulting Services and FMCG Product Division. The company earns the majority of its revenue from FMCG Product Division.

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