Mahalaxmi Fabric Mills (BOM:544233) ROCE % : 7.95% (As of Sep. 2024)

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What is Mahalaxmi Fabric Mills 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. Mahalaxmi Fabric Mills's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.95%.

Mahalaxmi Fabric Mills ROCE % Historical Data

The historical data trend for Mahalaxmi Fabric Mills'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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Mahalaxmi Fabric Mills ROCE % Chart

Mahalaxmi Fabric Mills Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

4.96

4.18

Mahalaxmi Fabric Mills Semi-Annual Data
	Mar23	Sep23	Mar24	Sep24
ROCE %	-	-0.64	8.83	7.95

Mahalaxmi Fabric Mills ROCE % Calculation

Mahalaxmi Fabric Mills'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 )
	=	40.136	/	( ( (1551.263 - 607.945)	+	(1686.255 - 708.365) )	/ 2 )
	=	40.136	/	( (943.318	+	977.89)	/ 2 )
	=	40.136	/	960.604
	=	4.18 %

Mahalaxmi Fabric Mills'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 )
	=	78.684	/	( ( (1686.255 - 708.365)	+	(1778.724 - 777.538) )	/ 2 )
	=	78.684	/	( ( 977.89	+	1001.186 )	/ 2 )
	=	78.684	/	989.538
	=	7.95 %

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

Mahalaxmi Fabric Mills (BOM:544233) 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.

Mahalaxmi Fabric Mills ROCE % Related Terms

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Mahalaxmi Fabric Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Fabric Mills Ltd (BOM:544233) » Definitions » ROCE %

Traded in Other Exchanges

MFML:India

Address

Polytechnic Road, YSL Avenue, Opposite Ketav Petrol Pump, Mahalaxmi House, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.mahalaxmigroup.net/MFML

Mahalaxmi Fabric Mills Ltd is engaged in the textile market. The company operated in only one segment i.e manufacturing and trading of traditional textile. Company's revenue is derived primarily from sale of goods.

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