Mizzen Ventures (BOM:531537) ROCE % : 0.41% (As of Dec. 2024)

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What is Mizzen Ventures 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. Mizzen Ventures's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.41%.

Mizzen Ventures ROCE % Historical Data

The historical data trend for Mizzen Ventures'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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Mizzen Ventures ROCE % Chart

Mizzen Ventures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-14.83

-1.04

-0.23

-0.22

-329.29

Mizzen Ventures Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Mar21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-	-	-	-4.66	0.41

Mizzen Ventures ROCE % Calculation

Mizzen Ventures'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 )
	=	-18.771	/	( ( (18.073 - 5.928)	+	(0.097 - 0.841) )	/ 2 )
	=	-18.771	/	( (12.145	+	-0.744)	/ 2 )
	=	-18.771	/	5.7005
	=	-329.29 %

Mizzen Ventures'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 )
	=	0.772	/	( ( (190.212 - 0.913)	+	(0 - 0) )	/ 1 )
	=	0.772	/	( ( 189.299	+	0 )	/ 1 )
	=	0.772	/	189.299
	=	0.41 %

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

Mizzen Ventures (BOM:531537) 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.

Mizzen Ventures ROCE % Related Terms

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Mizzen Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mizzen Ventures Ltd (BOM:531537) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kondapur Main Road, Laxmi Nagar, Flat No. 704, D Block, Tower A, Aparna heights, Kondapur, Hyderabad, TG, IND, 500084

Website

https://www.jyothiinfra.com

Mizzen Ventures Ltd formerly Jyothi Infraventures Ltd is an infrastructure development company. The company handles infrastructure projects. The Company is engaged in business of trading of infrastructure building materials and infra works. The company's infrastructure activities include road construction, bridge development, water supply projects, and other critical infrastructure initiatives.

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