MFL India (BOM:526622) ROCE % : -10.67% (As of Sep. 2024)

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What is MFL 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. MFL India's annualized ROCE % for the quarter that ended in Sep. 2024 was -10.67%.

MFL India ROCE % Historical Data

The historical data trend for MFL 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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MFL India ROCE % Chart

MFL India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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56.64

53.07

0.06

-17.27

MFL India Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-1.01	-11.57	-46.04	-0.42	-10.67

MFL India ROCE % Calculation

MFL 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 )
	=	-24.558	/	( ( (182.926 - 27.875)	+	(171.557 - 42.257) )	/ 2 )
	=	-24.558	/	( (155.051	+	129.3)	/ 2 )
	=	-24.558	/	142.1755
	=	-17.27 %

MFL India's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-17.348	/	( ( (0 - 0)	+	(189.798 - 27.279) )	/ 1 )
	=	-17.348	/	( ( 0	+	162.519 )	/ 1 )
	=	-17.348	/	162.519
	=	-10.67 %

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

MFL India (BOM:526622) 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.

MFL India ROCE % Related Terms

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MFL India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MFL India Ltd (BOM:526622) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

94/4, Main Market, UG-F, UG-9, Village-Patparganj, Patparganj, New Delhi, IND, 110091

Website

https://www.mflindia.info

MFL India Ltd is an India-based transport and logistics company. Its only operating segment is Transportation/Trucking. The company fleet includes a mixed variety of heavy-weight cargo carriers, along with a diversified portfolio of transportation services that includes high-capacity trucks and trailers. Its logistics portfolio includes freight management, cargo brokerage, and intermodal. The commodities mainly transported are retail store merchandise, two-wheeler motorcycles, consumer products, fast-moving consumer goods, other manufactured products, and grocery products.

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