Megastar Foods (BOM:541352) ROCE % : 4.58% (As of Mar. 2024)

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What is Megastar Foods 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. Megastar Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.58%.

Megastar Foods ROCE % Historical Data

The historical data trend for Megastar Foods'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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Megastar Foods ROCE % Chart

Megastar Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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26.20

22.71

25.73

34.16

12.23

Megastar Foods Quarterly Data
	Dec17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															33.20	22.39	20.44	12.73	4.58

Megastar Foods ROCE % Calculation

Megastar Foods'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 )
	=	126.839	/	( ( (1106.424 - 367.455)	+	(1555.299 - 219.644) )	/ 2 )
	=	126.839	/	( (738.969	+	1335.655)	/ 2 )
	=	126.839	/	1037.312
	=	12.23 %

Megastar Foods'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 )
	=	61.148	/	( ( (0 - 0)	+	(1555.299 - 219.644) )	/ 1 )
	=	61.148	/	( ( 0	+	1335.655 )	/ 1 )
	=	61.148	/	1335.655
	=	4.58 %

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

Megastar Foods (BOM:541352) 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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Megastar Foods (BOM:541352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Megastar Foods Ltd (BOM:541352) » Definitions » ROCE %

Traded in Other Exchanges

MEGASTAR:India

Address

Plot Number 807, Industrial Area, Phase II, Chandigarh, PB, IND, 160002

Website

https://www.megastarfoods.com

Megastar Foods Ltd is engaged in the manufacturing of food products such as wheat flour, organic wheat flour products, and allied flour products. The company produces food products related to wheat such as Atta-wheat flour products, Maida-Fine wheat flour products, Suji/Rawa-Semolina, Chokar/Wheat Bran, Organic Atta, Organic whole Wheat flour and Organic wheat flour, and others.

Megastar Foods (BOM:541352) Headlines

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