Mazagon Dock Shipbuilders (BOM:543237) ROCE % : 53.80% (As of Dec. 2024)

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What is Mazagon Dock Shipbuilders 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. Mazagon Dock Shipbuilders's annualized ROCE % for the quarter that ended in Dec. 2024 was 53.80%.

Mazagon Dock Shipbuilders ROCE % Historical Data

The historical data trend for Mazagon Dock Shipbuilders'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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Mazagon Dock Shipbuilders ROCE % Chart

Mazagon Dock Shipbuilders Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.20

13.88

17.07

28.49

40.10

Mazagon Dock Shipbuilders 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															52.57	50.11	52.23	37.51	53.80

Mazagon Dock Shipbuilders ROCE % Calculation

Mazagon Dock Shipbuilders'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 )
	=	24336.7	/	( ( (294631.7 - 241398.5)	+	(294488.1 - 226343.5) )	/ 2 )
	=	24336.7	/	( (53233.2	+	68144.6)	/ 2 )
	=	24336.7	/	60688.9
	=	40.10 %

Mazagon Dock Shipbuilders'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 )
	=	42547.2	/	( ( (282645.1 - 203563)	+	(0 - 0) )	/ 1 )
	=	42547.2	/	( ( 79082.1	+	0 )	/ 1 )
	=	42547.2	/	79082.1
	=	53.80 %

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

Mazagon Dock Shipbuilders (BOM:543237) 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.

Mazagon Dock Shipbuilders ROCE % Related Terms

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Mazagon Dock Shipbuilders Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mazagon Dock Shipbuilders Ltd (BOM:543237) » Definitions » ROCE %

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MAZDOCK:India

Address

Dockyard Road, Mazagon, Mumbai, MH, IND, 400 010

Website

https://www.mazagondock.in

Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The Company is engaged in building and repairing of ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, submarines, and merchant ships with facilities situated in Mumbai and Nhava.

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