Mohini Health & Hygiene (NSE:MHHL) ROCE % : 9.88% (As of Mar. 2023)

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What is Mohini Health & Hygiene 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. Mohini Health & Hygiene's annualized ROCE % for the quarter that ended in Mar. 2023 was 9.88%.

Mohini Health & Hygiene ROCE % Historical Data

The historical data trend for Mohini Health & Hygiene'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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Mohini Health & Hygiene ROCE % Chart

Mohini Health & Hygiene Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.85

13.49

13.40

12.96

14.37

Mohini Health & Hygiene Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial							5.52	14.23	11.49	18.26	9.88

Mohini Health & Hygiene ROCE % Calculation

Mohini Health & Hygiene'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 )
	=	141.1	/	( ( (1572.718 - 637.921)	+	(1384.051 - 355.07) )	/ 2 )
	=	141.1	/	( (934.797	+	1028.981)	/ 2 )
	=	141.1	/	981.889
	=	14.37 %

Mohini Health & Hygiene's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	102.078	/	( ( (1405.158 - 367.257)	+	(1384.051 - 355.07) )	/ 2 )
	=	102.078	/	( ( 1037.901	+	1028.981 )	/ 2 )
	=	102.078	/	1033.441
	=	9.88 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Mohini Health & Hygiene (NSE:MHHL) 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.

Mohini Health & Hygiene ROCE % Related Terms

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Mohini Health & Hygiene (NSE:MHHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mohini Health & Hygiene Ltd (NSE:MHHL) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 109, Sector 3 Industrial Area, Pithampur, Dhar, MP, IND, 454774

Website

https://www.mohinihealthandhygiene.com

Mohini Health & Hygiene Ltd is a manufacturer and exporter of cotton fibre and yarn. It manufactures absorbent cotton used for medical purposes. Some of its products include Surgical Bleached Absorbent Cotton, Cotton Balls, Zig Zag Cotton, Cotton Ear Buds, and Gamjee Rolls. The company generates revenue both from Domestic and International markets and generates a majority of its revenue from Exports.

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