Metalyst Forgings (BOM:513335) ROCE % : 0.00% (As of Jun. 2023)

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What is Metalyst Forgings 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. Metalyst Forgings's annualized ROCE % for the quarter that ended in Jun. 2023 was 0.00%.

Metalyst Forgings ROCE % Historical Data

The historical data trend for Metalyst Forgings'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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Metalyst Forgings ROCE % Chart

Metalyst Forgings Annual Data

Trend

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ROCE %

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Metalyst Forgings Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Metalyst Forgings ROCE % Calculation

Metalyst Forgings'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 )
	=	-3125.8	/	( ( (21324.87 - 39846.944)	+	(18209.956 - 39855.621) )	/ 2 )
	=	-3125.8	/	( (-18522.074	+	-21645.665)	/ 2 )
	=	-3125.8	/	-20083.8695
	=	15.56 %

Metalyst Forgings's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Mar. 2023 )		(Q: Jun. 2023 )
	=	-2450.8	/	( ( (18209.956 - 39855.621)	+	(0 - 0) )	/ 1 )
	=	-2450.8	/	( ( -21645.665	+	0 )	/ 1 )
	=	-2450.8	/	-21645.665
	=	0 %

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

Metalyst Forgings (BOM:513335) 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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Metalyst Forgings (BOM:513335) Business Description

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METALFORGE:India

Address

Gat No. 614, Village Kuruli, Taluka Khed, Pune, MH, IND, 410501

Website

https://www.metalyst.co.in

Metalyst Forgings Ltd is engaged in manufacturing of wide range of engineered forging components viz. hot forged parts and high tensile fasteners for automotive and non-automotive segments.

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