Mayur Leather Products (BOM:531680) ROCE % : -44.16% (As of Jun. 2022)

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What is Mayur Leather Products 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. Mayur Leather Products's annualized ROCE % for the quarter that ended in Jun. 2022 was -44.16%.

Mayur Leather Products ROCE % Historical Data

The historical data trend for Mayur Leather Products'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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Mayur Leather Products ROCE % Chart

Mayur Leather Products Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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-16.21

-15.41

-13.90

-9.44

-0.46

Mayur Leather Products Quarterly Data
	Sep16	Dec16	Mar17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
ROCE %	Get a 7-Day Free Trial															5.73	-24.04	-10.83	28.24	-44.16

Mayur Leather Products ROCE % Calculation

Mayur Leather Products's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	-0.312	/	( ( (172.36 - 99.77)	+	(183.102 - 120.842) )	/ 2 )
	=	-0.312	/	( (72.59	+	62.26)	/ 2 )
	=	-0.312	/	67.425
	=	-0.46 %

Mayur Leather Products's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2022 )		(Q: Mar. 2022 )		(Q: Jun. 2022 )
	=	-27.492	/	( ( (183.102 - 120.842)	+	(0 - 0) )	/ 1 )
	=	-27.492	/	( ( 62.26	+	0 )	/ 1 )
	=	-27.492	/	62.26
	=	-44.16 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

Mayur Leather Products (BOM:531680) 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.

Mayur Leather Products ROCE % Related Terms

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Mayur Leather Products (BOM:531680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mayur Leather Products Ltd (BOM:531680) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Manpura Macheri, Amer, F-26-A, RIICO Industrial Area, Jaipur, RJ, IND, 303805

Website

https://www.mayurleather.com

Mayur Leather Products Ltd is is engaged in the manufacturing and export of Leather Shoes and Shoe Uppers. It is also engaged in the production of industrial shoe and uppers segments both internationally and in the domestic market. The company operates its business through the following segments - Uppers, Shoes, Others, and Common.

Mayur Leather Products (BOM:531680) Headlines

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