Milton Industries (NSE:MILTON) ROCE % : 11.53% (As of Mar. 2022)

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What is Milton Industries 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. Milton Industries's annualized ROCE % for the quarter that ended in Mar. 2022 was 11.53%.

Milton Industries ROCE % Historical Data

The historical data trend for Milton Industries'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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Milton Industries ROCE % Chart

Milton Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

ROCE %

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11.33

12.03

16.81

12.42

11.53

Milton Industries Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22
ROCE %	Get a 7-Day Free Trial					11.33	12.03	16.81	12.42	11.53

Milton Industries ROCE % Calculation

Milton Industries's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	52.453	/	( ( (643.299 - 188.704)	+	(617.243 - 161.756) )	/ 2 )
	=	52.453	/	( (454.595	+	455.487)	/ 2 )
	=	52.453	/	455.041
	=	11.53 %

Milton Industries's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	52.453	/	( ( (643.299 - 188.704)	+	(617.243 - 161.756) )	/ 2 )
	=	52.453	/	( ( 454.595	+	455.487 )	/ 2 )
	=	52.453	/	455.041
	=	11.53 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2022) EBIT data.

Milton Industries (NSE:MILTON) 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.

Milton Industries ROCE % Related Terms

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Milton Industries (NSE:MILTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Milton Industries Ltd (NSE:MILTON) » Definitions » ROCE %

Comparable Companies

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Address

Ashram Road, 1/2, Chitra-Ami Appartment, Opposite La Gajjar Chamber, Ahmedabad, GJ, IND, 380009

Website

https://www.miltonindustries.in

Milton Industries Ltd is engaged in the manufacturing of laminated sheets and other allied products. The firm produces artificial leather cloth and glass fiber reinforced epoxy (GFRE) sheets. It also manufactures, exports high-pressure laminates, industrial laminates, laminated boards, flooring laminates, artificial leather cloth, and other products. The business operates in three segments: Laminate, Rexine, and GFRE, of which the majority of the revenue comes from the GFRE division. The company's products are applicable on walls, doors, windows, cupboards, tabletops, hotels, cash counters, and home kitchens. The majority of the revenue comes from the Indian market.

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