Manaksia Steels (BOM:539044) ROCE % : 12.16% (As of Mar. 2024)

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What is Manaksia Steels 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. Manaksia Steels's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.16%.

Manaksia Steels ROCE % Historical Data

The historical data trend for Manaksia Steels'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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Manaksia Steels ROCE % Chart

Manaksia Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.02

17.06

19.89

7.38

15.14

Manaksia Steels 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															13.80	19.06	15.48	12.30	12.16

Manaksia Steels ROCE % Calculation

Manaksia Steels'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 )
	=	460.442	/	( ( (4201.08 - 1219.294)	+	(5199.968 - 2097.906) )	/ 2 )
	=	460.442	/	( (2981.786	+	3102.062)	/ 2 )
	=	460.442	/	3041.924
	=	15.14 %

Manaksia Steels'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 )
	=	377.148	/	( ( (0 - 0)	+	(5199.968 - 2097.906) )	/ 1 )
	=	377.148	/	( ( 0	+	3102.062 )	/ 1 )
	=	377.148	/	3102.062
	=	12.16 %

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

Manaksia Steels (BOM:539044) 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.

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Manaksia Steels (BOM:539044) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manaksia Steels Ltd (BOM:539044) » Definitions » ROCE %

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MANAKSTEEL:India

Address

6 Lyons Range, 1st Floor, Turner Morrison Building, Kolkata, WB, IND, 700001

Website

https://www.manaksiasteels.com

Manaksia Steels Ltd is a manufacturer of value-added secondary steel products and is poised to cater to the increasing demands overseas and in India for the housing and infrastructure sectors. The company manufactures and sells steel products comprising Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coil, Color Coated Steel sheets and coils, and others. Geographically, it derives a majority of revenue from India.

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