Mini Diamonds (India) (BOM:523373) ROCE % : 66.04% (As of Mar. 2024)

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What is Mini Diamonds (India) 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. Mini Diamonds (India)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 66.04%.

Mini Diamonds (India) ROCE % Historical Data

The historical data trend for Mini Diamonds (India)'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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Mini Diamonds (India) ROCE % Chart

Mini Diamonds (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-12.84

2.65

3.89

11.79

30.05

Mini Diamonds (India) Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.13	9.24	-38.43	85.03	66.04

Mini Diamonds (India) ROCE % Calculation

Mini Diamonds (India)'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 )
	=	21.541	/	( ( (1226.998 - 1163.892)	+	(1761.58 - 1681.299) )	/ 2 )
	=	21.541	/	( (63.106	+	80.281)	/ 2 )
	=	21.541	/	71.6935
	=	30.05 %

Mini Diamonds (India)'s ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	53.016	/	( ( (0 - 0)	+	(1761.58 - 1681.299) )	/ 1 )
	=	53.016	/	( ( 0	+	80.281 )	/ 1 )
	=	53.016	/	80.281
	=	66.04 %

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

Mini Diamonds (India) (BOM:523373) 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.

Mini Diamonds (India) ROCE % Related Terms

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Mini Diamonds (India) (BOM:523373) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mini Diamonds (India) Ltd (BOM:523373) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

DW-9020, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.minidiamonds.net

Mini Diamonds (India) Ltd is an India-based company engaged in Diamonds Trading and Manufacturing. The diamonds provided by the company include Cut and Polished Diamonds with all modern machinery like Sarin Technology, Auto Bruting Machines, Semi Automatic Polishing Mills, Sawing Machines, etc. It operates in one segment which is Jewellery manufacturing.

Mini Diamonds (India) (BOM:523373) Headlines

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