Magna Electro Castings (BOM:517449) ROCE % : 21.55% (As of Dec. 2024)

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What is Magna Electro Castings 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. Magna Electro Castings's annualized ROCE % for the quarter that ended in Dec. 2024 was 21.55%.

Magna Electro Castings ROCE % Historical Data

The historical data trend for Magna Electro Castings'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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Magna Electro Castings ROCE % Chart

Magna Electro Castings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.31

9.34

13.71

26.26

19.81

Magna Electro Castings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															19.11	19.84	32.75	29.61	21.55

Magna Electro Castings ROCE % Calculation

Magna Electro Castings's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	204.857	/	( ( (1192.324 - 228.555)	+	(1284.293 - 180.226) )	/ 2 )
	=	204.857	/	( (963.769	+	1104.067)	/ 2 )
	=	204.857	/	1033.918
	=	19.81 %

Magna Electro Castings's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	263.132	/	( ( (1543.57 - 322.626)	+	(0 - 0) )	/ 1 )
	=	263.132	/	( ( 1220.944	+	0 )	/ 1 )
	=	263.132	/	1220.944
	=	21.55 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Magna Electro Castings (BOM:517449) 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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Magna Electro Castings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Magna Electro Castings Ltd (BOM:517449) » Definitions » ROCE %

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Address

43, Balasundaram Road, Coimbatore, TN, IND, 641018

Website

https://www.magnacast.com

Magna Electro Castings Ltd is engaged in manufacturing and supplying ferrous components in small and medium volumes. The company specializes in the manufacture of Ductile Iron and Gray Iron castings including Grey Iron, SG (spheroidal graphite) iron, and other iron alloy castings-machined and unmachined steel components. The company also produces fully machined components. The company has the following divisions; the Foundry division; the Wind Energy Generation division; and the Solar Energy division. The company earns the majority of its revenue from the Foundry division.

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