MCON Rasayan India (NSE:MCON) ROCE % : 23.16% (As of Mar. 2024)

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What is MCON Rasayan 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. MCON Rasayan India's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.16%.

MCON Rasayan India ROCE % Historical Data

The historical data trend for MCON Rasayan 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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MCON Rasayan India ROCE % Chart

MCON Rasayan India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

12.31

20.62

22.03

17.61

21.48

MCON Rasayan India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial			-	34.97	14.84	20.43	23.16

MCON Rasayan India ROCE % Calculation

MCON Rasayan 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 )
	=	42.908	/	( ( (303.101 - 120.757)	+	(456.183 - 239.048) )	/ 2 )
	=	42.908	/	( (182.344	+	217.135)	/ 2 )
	=	42.908	/	199.7395
	=	21.48 %

MCON Rasayan India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	47.482	/	( ( (345.722 - 152.782)	+	(456.183 - 239.048) )	/ 2 )
	=	47.482	/	( ( 192.94	+	217.135 )	/ 2 )
	=	47.482	/	205.0375
	=	23.16 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

MCON Rasayan India (NSE:MCON) 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.

MCON Rasayan India ROCE % Related Terms

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MCON Rasayan India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MCON Rasayan India Ltd (NSE:MCON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-169, Off link road, CTS-104 Bangur Nagar, 101/A, 1st Floor, Maxheal House, Goregaon West, Near Ayyappa Temple, Mumbai-, MH, IND, 400090

Website

https://www.mconrasayan.com

MCON Rasayan India Ltd is the manufacturer and supplier of high-quality construction chemicals and building finishing products for the Indian industry and overseas markets. The company has a suite of products including a range of construction materials and construction chemicals in both powder and liquid forms. The Powder products of the company are Ready-mix plaster, Tile adhesives, Block adhesives, Wall putty, Micro concrete, and others.

MCON Rasayan India Headlines

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