Mirza International (NSE:MIRZAINT) ROCE % : 6.72% (As of Sep. 2024)

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What is Mirza International 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. Mirza International's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.72%.

Mirza International ROCE % Historical Data

The historical data trend for Mirza International'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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Mirza International ROCE % Chart

Mirza International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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14.54

6.22

19.37

8.12

4.83

Mirza International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.87	6.52	3.33	1.87	6.72

Mirza International ROCE % Calculation

Mirza International'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 )
	=	284	/	( ( (7292 - 1417.7)	+	(7190.7 - 1302.1) )	/ 2 )
	=	284	/	( (5874.3	+	5888.6)	/ 2 )
	=	284	/	5881.45
	=	4.83 %

Mirza International'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	396.432	/	( ( (0 - 0)	+	(7314.9 - 1419.6) )	/ 1 )
	=	396.432	/	( ( 0	+	5895.3 )	/ 1 )
	=	396.432	/	5895.3
	=	6.72 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Mirza International (NSE:MIRZAINT) 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.

Mirza International ROCE % Related Terms

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Mirza International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mirza International Ltd (NSE:MIRZAINT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

526642:India

Address

14/6, Civil Lines, Kanpur, UP, IND, 208 001

Website

https://www.mirza.co.in

Mirza International Ltd is engaged in the manufacturing and marketing of leather footwear and finished leather. The business segments of the company includes the Export division and Domestic Division, where the majority is generated from Export. Geographically the company generates the majority of its revenue from the UK. The brands of the company includes Thomas Crick, Off the Hook, and Oaktrak.

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