Mercator (NSE:MERCATOR) ROCE % : 0.00% (As of Dec. 2023)

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What is Mercator 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. Mercator's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Mercator ROCE % Historical Data

The historical data trend for Mercator'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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Mercator ROCE % Chart

Mercator Annual Data

Trend

Mar14

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Mar20

Mar21

Mar22

Mar23

ROCE %

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-28.85

Mercator Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Mercator ROCE % Calculation

Mercator'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 )
	=	-24.56	/	( ( (11100.15 - 24232.69)	+	(11428.64 - 24663.86) )	/ 2 )
	=	-24.56	/	( (-13132.54	+	-13235.22)	/ 2 )
	=	-24.56	/	-13183.88
	=	0.19 %

Mercator's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-11.44	/	( ( (11301.37 - 27874.82)	+	(0 - 0) )	/ 1 )
	=	-11.44	/	( ( -16573.45	+	0 )	/ 1 )
	=	-11.44	/	-16573.45
	=	0 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Mercator (NSE:MERCATOR) 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.

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Mercator Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mercator Ltd (NSE:MERCATOR) » Definitions » ROCE %

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Address

Nariman Point, 83-87, 8th Floor, B-Wing, Mittal Tower, Mumbai, MH, IND, 400 021

Website

https://www.mercator.co.in

Mercator Ltd is an Indian company engaged in diversified business with interests in coal, oil & gas, shipping and dredging. The company operates a variety of shipping fleets including crude carriers, gas carriers, petroleum product carriers, and bulk carriers. It operates in single primary business segment of Water transport.

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