Madhav Copper (NSE:MCL) ROCE % : 10.69% (As of Sep. 2024)

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What is Madhav Copper 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. Madhav Copper's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.69%.

Madhav Copper ROCE % Historical Data

The historical data trend for Madhav Copper'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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Madhav Copper ROCE % Chart

Madhav Copper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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23.21

14.90

-2.19

-10.95

4.04

Madhav Copper Quarterly Data
	Mar18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															0.29	-10.77	-10.23	-	10.69

Madhav Copper ROCE % Calculation

Madhav Copper'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 )
	=	17.21	/	( ( (1033.728 - 627.161)	+	(640.874 - 195.98) )	/ 2 )
	=	17.21	/	( (406.567	+	444.894)	/ 2 )
	=	17.21	/	425.7305
	=	4.04 %

Madhav Copper'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 )
	=	48.524	/	( ( (640.874 - 195.98)	+	(753.878 - 290.951) )	/ 2 )
	=	48.524	/	( ( 444.894	+	462.927 )	/ 2 )
	=	48.524	/	453.9105
	=	10.69 %

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

Madhav Copper (NSE:MCL) 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.

Madhav Copper ROCE % Related Terms

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Madhav Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Madhav Copper Ltd (NSE:MCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Waghawadi Road, Opposite Home School, Plot 2107/D, 202/203, 2nd Floor, D & I Excellus, Bhavnagar, GJ, IND, 364 001

Website

https://www.madhavcopper.com

Madhav Copper Ltd is engaged in the manufacturing of copper wires. Its products portfolio includes Bare Copper Wire, Copper End ring Laminates, Copper Strip And Rod-Profile, Enamelled Copper Round Winding Wire, among others.

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