Minda (BOM:538962) ROCE % : 16.79% (As of Dec. 2024)

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What is Minda 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. Minda's annualized ROCE % for the quarter that ended in Dec. 2024 was 16.79%.

Minda ROCE % Historical Data

The historical data trend for Minda'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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Minda ROCE % Chart

Minda Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.55

12.47

16.52

19.07

16.89

Minda 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															15.92	17.61	16.13	17.56	16.79

Minda ROCE % Calculation

Minda'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 )
	=	3625	/	( ( (32243 - 12689)	+	(34390 - 11024) )	/ 2 )
	=	3625	/	( (19554	+	23366)	/ 2 )
	=	3625	/	21460
	=	16.89 %

Minda'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 )
	=	4091.6	/	( ( (36820.3 - 12445)	+	(0 - 0) )	/ 1 )
	=	4091.6	/	( ( 24375.3	+	0 )	/ 1 )
	=	4091.6	/	24375.3
	=	16.79 %

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

Minda (BOM:538962) 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.

Minda ROCE % Related Terms

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Minda Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Minda Corp Ltd (BOM:538962) » Definitions » ROCE %

Traded in Other Exchanges

MINDACORP:India

Address

D-6-11, Sector 59, Noida, UP, IND, 201301

Website

https://www.sparkminda.com

Minda Corp Ltd is a manufacturer of Security Systems, Wiring Harnesses, Couplers and Terminal, Instrument Clusters, Starter Motors & Alternator, Sensors, Die Casting, Interiors, Keys, and Key Duplicating Machines. Group offers products such as lock kits, spares, and locks and ignition switches. Its products cater to two/three-wheelers, passenger vehicles, buses, and commercial vehicles, and its manufacturing facilities are located in India, South East Asia, Europe, and North America. Minda derives revenue through the sale of products to its customers in India and outside India.

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