Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) ROCE % : 26.06% (As of Dec. 2024)

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What is Mangalore Chemicals & Fertilizers 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. Mangalore Chemicals & Fertilizers's annualized ROCE % for the quarter that ended in Dec. 2024 was 26.06%.

Mangalore Chemicals & Fertilizers ROCE % Historical Data

The historical data trend for Mangalore Chemicals & Fertilizers'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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Mangalore Chemicals & Fertilizers ROCE % Chart

Mangalore Chemicals & Fertilizers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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19.84

20.49

18.64

22.33

25.26

Mangalore Chemicals & Fertilizers 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															21.90	4.82	27.13	17.76	26.06

Mangalore Chemicals & Fertilizers ROCE % Calculation

Mangalore Chemicals & Fertilizers'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 )
	=	3316.127	/	( ( (26591.495 - 14071.152)	+	(24304.292 - 10566.286) )	/ 2 )
	=	3316.127	/	( (12520.343	+	13738.006)	/ 2 )
	=	3316.127	/	13129.1745
	=	25.26 %

Mangalore Chemicals & Fertilizers'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 )
	=	3633.9	/	( ( (22195.309 - 8250.663)	+	(0 - 0) )	/ 1 )
	=	3633.9	/	( ( 13944.646	+	0 )	/ 1 )
	=	3633.9	/	13944.646
	=	26.06 %

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

Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) 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.

Mangalore Chemicals & Fertilizers ROCE % Related Terms

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Mangalore Chemicals & Fertilizers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Mangalore Chemicals & Fertilizers Ltd (NSE:MANGCHEFER) » Definitions » ROCE %

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Traded in Other Exchanges

530011:India

Address

Vittal Mallya Road, Level-11, UB Towers, UB City Number 24, Bengaluru, KA, IND, 560001

Website

https://www.mangalorechemicals.com

Mangalore Chemicals & Fertilizers Ltd manufactures and markets chemical fertilizers in the state of Karnataka. It manufactures both Nitrogenous and Phosphatic fertilizers and is the only manufacturer of fertilizers in the state of Karnataka. About 77% of the company's products are sold in the state of Karnataka, which meets about 10% of the needs of the farmers in the State.

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