MITCON Consultancy & Engineering Services (NSE:MITCON) ROCE % : 8.01% (As of Dec. 2023)

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What is MITCON Consultancy & Engineering Services 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. MITCON Consultancy & Engineering Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.01%.

MITCON Consultancy & Engineering Services ROCE % Historical Data

The historical data trend for MITCON Consultancy & Engineering Services'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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MITCON Consultancy & Engineering Services ROCE % Chart

MITCON Consultancy & Engineering Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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2.04

6.50

3.80

6.82

6.02

MITCON Consultancy & Engineering Services Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.99	5.93	11.30	10.16	8.01

MITCON Consultancy & Engineering Services ROCE % Calculation

MITCON Consultancy & Engineering Services'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 )
	=	119.067	/	( ( (2168.604 - 369.066)	+	(2476.911 - 321.442) )	/ 2 )
	=	119.067	/	( (1799.538	+	2155.469)	/ 2 )
	=	119.067	/	1977.5035
	=	6.02 %

MITCON Consultancy & Engineering Services'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 )
	=	186.68	/	( ( (2735.744 - 404.053)	+	(0 - 0) )	/ 1 )
	=	186.68	/	( ( 2331.691	+	0 )	/ 1 )
	=	186.68	/	2331.691
	=	8.01 %

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

MITCON Consultancy & Engineering Services (NSE:MITCON) 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.

MITCON Consultancy & Engineering Services ROCE % Related Terms

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MITCON Consultancy & Engineering Services (NSE:MITCON) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MITCON Consultancy & Engineering Services Ltd (NSE:MITCON) » Definitions » ROCE %

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Address

Kubera Chambers, First Floor, Shivajinagar, Pune, MH, IND, 411005

Website

https://www.mitconindia.com

MITCON Consultancy & Engineering Services Ltd is a consultancy company. The company's operating segments include Consultancy and Training, Project Services, and Wind Power Generation. It generates maximum revenue from the Consultancy and Training segment. The company serves various sectors such as Solar Energy, Infrastructure, Power and Energy Conservation, Environment Management and Engineering division, Banking and Financial Solution division, Industrial Infrastructure, and others.

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