Marine Electricals (India) (NSE:MARINE) ROCE % : 11.10% (As of Dec. 2024)

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What is Marine Electricals (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. Marine Electricals (India)'s annualized ROCE % for the quarter that ended in Dec. 2024 was 11.10%.

Marine Electricals (India) ROCE % Historical Data

The historical data trend for Marine Electricals (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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Marine Electricals (India) ROCE % Chart

Marine Electricals (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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9.04

13.16

12.50

14.57

16.88

Marine Electricals (India) Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															15.93	23.49	18.13	18.72	11.10

Marine Electricals (India) ROCE % Calculation

Marine Electricals (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 )
	=	447.27	/	( ( (4657.415 - 2238.501)	+	(6157.145 - 3277.809) )	/ 2 )
	=	447.27	/	( (2418.914	+	2879.336)	/ 2 )
	=	447.27	/	2649.125
	=	16.88 %

Marine Electricals (India)'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 )
	=	470.924	/	( ( (7208.661 - 2964.649)	+	(0 - 0) )	/ 1 )
	=	470.924	/	( ( 4244.012	+	0 )	/ 1 )
	=	470.924	/	4244.012
	=	11.10 %

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

Marine Electricals (India) (NSE:MARINE) 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.

Marine Electricals (India) ROCE % Related Terms

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Marine Electricals (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Marol Industrial Area, B/1, Udyog Sadan No. 3, MIDC, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is engaged in providing integrated electrical and automation solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears, marine motors, control-gears, monitoring and control systems, etc., and is also engaged in the renewable energy sector specifically solar. The company also provides services like designing, fabricating, etc. for all types of electrical and electronic installations and undertakes annual maintenance contracts. Its segments are; Marine and Industry. The Marine segment which generates maximum revenue provides products and services of navigational equipment, and others in new shipbuilding. Geographically, it derives key revenue from India.

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