Manaksia Coated Metals & Industries (BOM:539046) ROCE % : 19.56% (As of Sep. 2024)

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What is Manaksia Coated Metals & Industries 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 Coated Metals & Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.56%.

Manaksia Coated Metals & Industries ROCE % Historical Data

The historical data trend for Manaksia Coated Metals & Industries'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 Coated Metals & Industries ROCE % Chart

Manaksia Coated Metals & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.67

10.59

13.63

14.01

19.27

Manaksia Coated Metals & Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															21.28	21.72	17.82	21.49	19.56

Manaksia Coated Metals & Industries ROCE % Calculation

Manaksia Coated Metals & Industries'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 )
	=	431.864	/	( ( (5481.497 - 3326.483)	+	(5371.547 - 3043.394) )	/ 2 )
	=	431.864	/	( (2155.014	+	2328.153)	/ 2 )
	=	431.864	/	2241.5835
	=	19.27 %

Manaksia Coated Metals & Industries'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 )
	=	460.684	/	( ( (0 - 0)	+	(5602.709 - 3247.491) )	/ 1 )
	=	460.684	/	( ( 0	+	2355.218 )	/ 1 )
	=	460.684	/	2355.218
	=	19.56 %

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

Manaksia Coated Metals & Industries (BOM:539046) 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.

Manaksia Coated Metals & Industries ROCE % Related Terms

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Manaksia Coated Metals & Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Manaksia Coated Metals & Industries Ltd (BOM:539046) » Definitions » ROCE %

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MANAKCOAT:India

Address

Road No. 14, Banjara Hills, Plot No. 15, Navodaya Colony, Hyderabad, TG, IND, 500034

Website

https://www.manaksiacoatedmetals.com

Manaksia Coated Metals & Industries Ltd is engaged in the manufacturing of Mosquito Repellent Coils and value-added secondary metal products like Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour-Coated (Pre-painted) Sheets. It operates in two segments including Metal Products; and others. The metal products segment, which is the key revenue driver, includes colour-coated (pre-painted) steel and aluminum sheets and coils. Geographically, it has operations in India as well as overseas. The company's products are Colour Coated Metal Sheets & Coils, Galvanised Steel Sheets & Coils, Mosquito Repellent Coils, Ultramarine Blue Powder, and Agro Products. The company sells products under brands such as Color Strong, Zingalvo, Singham, and Brochures.

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