Manorama Industries (BOM:541974) ROCE % : 17.45% (As of Dec. 2023)

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What is Manorama 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. Manorama Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.45%.

Manorama Industries ROCE % Historical Data

The historical data trend for Manorama 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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Manorama Industries ROCE % Chart

Manorama Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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47.66

34.77

21.51

16.56

16.17

Manorama Industries Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.02	19.17	22.96	18.73	17.45

Manorama Industries ROCE % Calculation

Manorama 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 )
	=	509.08	/	( ( (3957.968 - 946.226)	+	(4244.116 - 960.022) )	/ 2 )
	=	509.08	/	( (3011.742	+	3284.094)	/ 2 )
	=	509.08	/	3147.918
	=	16.17 %

Manorama Industries'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 )
	=	644.872	/	( ( (5985.981 - 2289.665)	+	(0 - 0) )	/ 1 )
	=	644.872	/	( ( 3696.316	+	0 )	/ 1 )
	=	644.872	/	3696.316
	=	17.45 %

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

Manorama Industries (BOM:541974) 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.

Manorama Industries ROCE % Related Terms

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Manorama Industries (BOM:541974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Manorama Industries Ltd (BOM:541974) » Definitions » ROCE %

Traded in Other Exchanges

MANORAMA:India

Address

F-6, Anupam Nagar, Raipur, CT, IND, 492007

Website

https://www.manoramagroup.co.in

Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added tailor-made products. Its only operating segment being the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). The group sells the products in India and also exports them to other countries.

Manorama Industries (BOM:541974) Headlines

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