Mega Flex Plastics (NSE:MEGAFLEX) ROCE % : 1.59% (As of Sep. 2024)

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What is Mega Flex Plastics 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. Mega Flex Plastics's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.59%.

Mega Flex Plastics ROCE % Historical Data

The historical data trend for Mega Flex Plastics'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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Mega Flex Plastics ROCE % Chart

Mega Flex Plastics Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

10.54

7.83

12.35

7.74

3.72

Mega Flex Plastics Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial				5.89	8.43	-0.29	7.70	1.59

Mega Flex Plastics ROCE % Calculation

Mega Flex Plastics'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 )
	=	16.999	/	( ( (472.465 - 23.08)	+	(478.19 - 14.172) )	/ 2 )
	=	16.999	/	( (449.385	+	464.018)	/ 2 )
	=	16.999	/	456.7015
	=	3.72 %

Mega Flex Plastics'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 )
	=	7.58	/	( ( (478.19 - 14.172)	+	(512.086 - 22.038) )	/ 2 )
	=	7.58	/	( ( 464.018	+	490.048 )	/ 2 )
	=	7.58	/	477.033
	=	1.59 %

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

Mega Flex Plastics (NSE:MEGAFLEX) 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.

Mega Flex Plastics ROCE % Related Terms

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Mega Flex Plastics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mega Flex Plastics Ltd (NSE:MEGAFLEX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4, Ho Chi Minh Sarani, Suite-2A, 2nd Floor, Kolkata, WB, IND, 700071

Website

https://www.megaflex.co.in

Mega Flex Plastics Ltd is engaged in manufacturing Leno Bags which are used for packaging agricultural products like potatoes, onions, garlic, coconuts, fruits, and vegetables. The company is also manufacturing Woven Fabric and Sutli (Fibrillated Twisted Thread). The company is also engaged in trading Polypropylene Granules. The company is currently engaged in single-segment business through various distributors and brand names such as Gold Flex, Leno Flex, Tiger, Tiranga, Kisan, and Phantom.

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