Max Alert Systems (BOM:534563) ROCE % : 0.00% (As of Sep. 2023)

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What is Max Alert Systems 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. Max Alert Systems's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.00%.

Max Alert Systems ROCE % Historical Data

The historical data trend for Max Alert Systems'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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Max Alert Systems ROCE % Chart

Max Alert Systems Annual Data

Trend

Mar13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.28

0.23

-8.63

-332.44

Max Alert Systems Semi-Annual Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															-49.03	-725.04	-	-	-

Max Alert Systems ROCE % Calculation

Max Alert Systems'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 )
	=	-4.085	/	( ( (22.871 - 61.463)	+	(14.824 - 57.502) )	/ 2 )
	=	-4.085	/	( (-38.592	+	-42.678)	/ 2 )
	=	-4.085	/	-40.635
	=	10.05 %

Max Alert Systems's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-1.794	/	( ( (14.824 - 57.502)	+	(14.445 - 58.052) )	/ 2 )
	=	-1.794	/	( ( -42.678	+	-43.607 )	/ 2 )
	=	-1.794	/	-43.1425
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Max Alert Systems (BOM:534563) 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.

Max Alert Systems ROCE % Related Terms

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Max Alert Systems (BOM:534563) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Max Alert Systems Ltd (BOM:534563) » Definitions » ROCE %

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Address

Makwana Road, 502, 5th Floor,Timmy Arcade, Marol, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.maxalert.in

Max Alert Systems Ltd is engaged in the business of stone crushing and mining activities in India. The company also provides cement and downstream products, namely, pavers, Hollow Bricks in vertically integrated structured markets. Company is operating in two segments Mining and Stone Crushing, Telecom Tower Installation.

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