Marg Techno Projects (BOM:540254) ROCE % : -2.45% (As of Mar. 2024)

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What is Marg Techno Projects 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. Marg Techno Projects's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.45%.

Marg Techno Projects ROCE % Historical Data

The historical data trend for Marg Techno Projects'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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Marg Techno Projects ROCE % Chart

Marg Techno Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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3.75

1.57

1.48

2.43

1.01

Marg Techno Projects 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															4.14	1.58	3.09	2.28	-2.45

Marg Techno Projects ROCE % Calculation

Marg Techno Projects'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 )
	=	2.873	/	( ( (262.166 - 5.014)	+	(312.194 - 0.873) )	/ 2 )
	=	2.873	/	( (257.152	+	311.321)	/ 2 )
	=	2.873	/	284.2365
	=	1.01 %

Marg Techno Projects'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 )
	=	-7.62	/	( ( (0 - 0)	+	(312.194 - 0.873) )	/ 1 )
	=	-7.62	/	( ( 0	+	311.321 )	/ 1 )
	=	-7.62	/	311.321
	=	-2.45 %

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

Marg Techno Projects (BOM:540254) 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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Marg Techno Projects (BOM:540254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Marg Techno Projects Ltd (BOM:540254) » Definitions » ROCE %

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Address

Adajan-Hazira Road, 406, Royal Trade Center, Opposite Star Bazar, Surat, GJ, IND, 395009

Website

https://www.margtechno.com

Marg Techno Projects Ltd is an Indian based company engaged in the provision of financial services. It provides, extends, lends money with or without guarantee, with or without security by way to a term loan, medium-term loan, short term loan, deferred payment guarantee, lease finance, venture finance, and by any other mode or scheme.

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