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Maiden Forgings (BOM:543874) ROCE % : 18.26% (As of Sep. 2024)


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What is Maiden Forgings 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. Maiden Forgings's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.26%.


Maiden Forgings ROCE % Historical Data

The historical data trend for Maiden Forgings'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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Maiden Forgings ROCE % Chart

Maiden Forgings Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
ROCE %
19.34 19.69 17.88 34.39 27.02

Maiden Forgings Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
ROCE % Get a 7-Day Free Trial 33.71 34.98 25.58 24.22 18.26

Maiden Forgings ROCE % Calculation

Maiden Forgings'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 )
=196.258/( ( (1268.098 - 683.421) + (1486.114 - 617.89) )/ 2 )
=196.258/( (584.677+868.224)/ 2 )
=196.258/726.4505
=27.02 %

Maiden Forgings'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: Mar. 2024 )(Q: Sep. 2024 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2024 )  (Q: Mar. 2024 )(Q: Sep. 2024 )
=174.564/( ( (1486.114 - 617.89) + (1587.832 - 544.19) )/ 2 )
=174.564/( ( 868.224 + 1043.642 )/ 2 )
=174.564/955.933
=18.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

* 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.


Maiden Forgings  (BOM:543874) 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.


Maiden Forgings ROCE % Related Terms

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Maiden Forgings Business Description

Traded in Other Exchanges
N/A
Address
E 201 Kavi Nagar Industrial Area, Ghaziabad, UP, IND, 201002
Maiden Forgings Ltd is engaged in manufacturing and selling ferrous metal products including steel bright bars, wires, profiles, ground bars and nails (collated & loose).

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