Marco Cables and Conductors (NSE:MARCO) ROCE % : 32.42% (As of Mar. 2023)

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What is Marco Cables and Conductors 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. Marco Cables and Conductors's annualized ROCE % for the quarter that ended in Mar. 2023 was 32.42%.

Marco Cables and Conductors ROCE % Historical Data

The historical data trend for Marco Cables and Conductors'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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Marco Cables and Conductors ROCE % Chart

Marco Cables and Conductors Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

18.79

20.43

32.42

Marco Cables and Conductors Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	18.79	20.43	32.42

Marco Cables and Conductors ROCE % Calculation

Marco Cables and Conductors's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	79.549	/	( ( (595.462 - 377.428)	+	(699.344 - 426.711) )	/ 2 )
	=	79.549	/	( (218.034	+	272.633)	/ 2 )
	=	79.549	/	245.3335
	=	32.42 %

Marco Cables and Conductors's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	79.549	/	( ( (595.462 - 377.428)	+	(699.344 - 426.711) )	/ 2 )
	=	79.549	/	( ( 218.034	+	272.633 )	/ 2 )
	=	79.549	/	245.3335
	=	32.42 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Marco Cables and Conductors (NSE:MARCO) 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.

Marco Cables and Conductors ROCE % Related Terms

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Marco Cables and Conductors (NSE:MARCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marco Cables and Conductors Ltd (NSE:MARCO) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Main Road, Shop No 100, Opposite Bhai Gangaram Market, Ulhasnagar, Thane, MH, IND, 421005

Website

https://www.marcocables.com

Marco Cables and Conductors Ltd is engaged in the business of manufacturing and selling wires, cables wires and conductors in India. It commenced its operations with the manufacturing of wires (with aluminium/copper conductor), LT XLPE cables, LT PVC cables, and LT Aerial Bunched Cables, including AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors.

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