Mahip Industries (BOM:542503) ROCE % : -15.62% (As of Mar. 2023)

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What is Mahip Industries 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. Mahip Industries's annualized ROCE % for the quarter that ended in Mar. 2023 was -15.62%.

Mahip Industries ROCE % Historical Data

The historical data trend for Mahip Industries'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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Mahip Industries ROCE % Chart

Mahip Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.91

-9.86

-38.23

-292.97

-65.20

Mahip Industries Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial									-87.48	-22.85	-207.12	-116.36	-15.62

Mahip Industries ROCE % Calculation

Mahip Industries'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 )
	=	-27.406	/	( ( (337.026 - 273.2)	+	(332.711 - 312.468) )	/ 2 )
	=	-27.406	/	( (63.826	+	20.243)	/ 2 )
	=	-27.406	/	42.0345
	=	-65.20 %

Mahip Industries's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	-3.486	/	( ( (392.376 - 367.98)	+	(332.711 - 312.468) )	/ 2 )
	=	-3.486	/	( ( 24.396	+	20.243 )	/ 2 )
	=	-3.486	/	22.3195
	=	-15.62 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Mahip Industries (BOM:542503) 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.

Mahip Industries ROCE % Related Terms

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Mahip Industries (BOM:542503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mahip Industries Ltd (BOM:542503) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Makarba, S.G. Road, A-902, Safal Solitaire, Near Divya Bhaskar, Ahmedabad, GJ, IND, 380015

Website

http://www.mahipindustriesltd.in

Mahip Industries Ltd is a manufacturer and trader of corrugated boxes. The company offers corrugated boxes for milk and biscuits, for drugs and medicines, processed and semi-processed foods, edible oils, fruits and vegetables, and for electronic goods.

Mahip Industries (BOM:542503) Headlines

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