Manpasand Beverages (NSE:MANPASAND) ROCE % : -24.19% (As of Dec. 2020)

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What is Manpasand Beverages 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. Manpasand Beverages's annualized ROCE % for the quarter that ended in Dec. 2020 was -24.19%.

Manpasand Beverages ROCE % Historical Data

The historical data trend for Manpasand Beverages'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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Manpasand Beverages ROCE % Chart

Manpasand Beverages Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

ROCE %

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14.70

9.56

10.06

-20.45

-21.41

Manpasand Beverages Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
ROCE %	Get a 7-Day Free Trial															-17.02	-24.83	-17.62	-24.48	-24.19

Manpasand Beverages ROCE % Calculation

Manpasand Beverages's annualized ROCE % for the fiscal year that ended in Mar. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2020 )		(A: Mar. 2019 )		(A: Mar. 2020 )
	=	-1215.74	/	( ( (8773.59 - 2287.813)	+	(6250.329 - 1380.87) )	/ 2 )
	=	-1215.74	/	( (6485.777	+	4869.459)	/ 2 )
	=	-1215.74	/	5677.618
	=	-21.41 %

Manpasand Beverages's ROCE % of for the quarter that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2020 )		(Q: Sep. 2020 )		(Q: Dec. 2020 )
	=	-1062	/	( ( (5848.444 - 1458.38)	+	(0 - 0) )	/ 1 )
	=	-1062	/	( ( 4390.064	+	0 )	/ 1 )
	=	-1062	/	4390.064
	=	-24.19 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2020) EBIT data.

Manpasand Beverages (NSE:MANPASAND) 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.

Manpasand Beverages ROCE % Related Terms

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Manpasand Beverages (NSE:MANPASAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Manpasand Beverages Ltd (NSE:MANPASAND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Savli Road, Survey No. 1768 and 1774/1, Manjusar Village, GIDC Estate, Vadodara, GJ, IND, 391775

Website

https://www.manpasand.co.in

Manpasand Beverages Ltd is a soft drink and beverage company. Manpasand has one business segment, beverages, that produces, markets, and sells fruit flavored soft drinks. The company produces such brands as MangoSip, the company's mango flavored beverage, and Fruits Up, the company's premium fruit drink, with flavors such as guava, lychee, apple, mango, and orange. Additionally, the company produces Manpasand ORS, its ready-to-drink oral rehydration salts sports drink. The company earns the vast majority of its revenue in India.

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