Meson Valves India (BOM:543982) ROCE % : 17.47% (As of Sep. 2024)

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What is Meson Valves India 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. Meson Valves India's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.47%.

Meson Valves India ROCE % Historical Data

The historical data trend for Meson Valves India'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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Meson Valves India ROCE % Chart

Meson Valves India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

6.62

52.71

51.79

33.91

Meson Valves India Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	20.47	35.29	17.47

Meson Valves India ROCE % Calculation

Meson Valves India'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 )
	=	137.221	/	( ( (450.901 - 250.144)	+	(849.409 - 240.8) )	/ 2 )
	=	137.221	/	( (200.757	+	608.609)	/ 2 )
	=	137.221	/	404.683
	=	33.91 %

Meson Valves India'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 )
	=	113.62	/	( ( (849.409 - 240.8)	+	(1039.763 - 347.591) )	/ 2 )
	=	113.62	/	( ( 608.609	+	692.172 )	/ 2 )
	=	113.62	/	650.3905
	=	17.47 %

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

Meson Valves India (BOM:543982) 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.

Meson Valves India ROCE % Related Terms

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Meson Valves India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meson Valves India Ltd (BOM:543982) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. L-45, First Floor, Software Technology Park, Verna Industrial Estate, Salcete, Verna, Goa, GA, IND, 403722

Website

https://www.mvi.ltd

Meson Valves India Ltd is a company involved in Designing, Manufacturing, and supplying various types of Valves in Ferrous and Non-Ferrous materials. It consists of various types of Manual as well as actuator (Electric/Hydraulic/Pneumatic) operated valves for ON-Off and Controlling applications. It supplies mainly to the Naval, Oil, and Gas industries, Power, Refineries, and General Industries, both in domestic and international markets.

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