Moksh Ornaments (NSE:MOKSH) ROCE %: 28.68% (As of Sep. 2024)


NSE:MOKSH Moksh Ornaments Ltd NSE:MOKSH
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What is Moksh Ornaments ROCE %?

Moksh Ornaments NSE:MOKSH -1.46% 4 ROCE % is 28.68% as of Sep. 2024. GuruFocus rates NSE:MOKSH with a GF Score™ of 4/100.

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. Moksh Ornaments's annualized ROCE % for the quarter that ended in Sep. 2024 was 28.68%.

Moksh Ornaments  (NSE:MOKSH) 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.

Moksh Ornaments ROCE % Related Terms

Moksh Ornaments ROCE % Historical Data

* Premium members only.

The historical data trend for Moksh Ornaments'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.

Moksh Ornaments ROCE % Chart

Moksh Ornaments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.21 27.70 16.49 20.67 24.24

Moksh Ornaments Quarterly Data
Sep19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.51 28.37 23.52 30.23 28.68
NSE:MOKSH
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Moksh Ornaments Ltd NSE:MOKSH
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Moksh Ornaments ROCE % Calculation

Moksh Ornaments'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 )
=137.781/( ( (794.983 - 250.104) + (1072.024 - 480.048) )/ 2 )
=137.781/( (544.879+591.976)/ 2 )
=137.781/568.4275
=24.24 %

Moksh Ornaments'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 )
=181.452/( ( (0 - 0) + (1181.121 - 548.447) )/ 1 )
=181.452/( ( 0 + 632.674 )/ 1 )
=181.452/632.674
=28.68 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 28.68% mean?
Moksh Ornaments (NSE:MOKSH) has a ROCE % of 28.68% as of Sep. 2024.
Is Moksh Ornaments' ROCE % too high?
Moksh Ornaments' current ROCE % is 28.68%. The Retail - Cyclical industry median ROCE % is 7.59. Moksh Ornaments' value of 28.68% is 278.1% above this industry median. Overall, Moksh Ornaments has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Moksh Ornaments' ROCE % compare to TPR?
Moksh Ornaments' ROCE % of 28.68% can be compared against companies in the Retail - Cyclical industry. The industry median ROCE % is 7.59. Moksh Ornaments' value of 28.68% is 278.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Retail - Cyclical company?
The median ROCE % among Retail - Cyclical companies is 7.59, based on 1,112 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Moksh Ornaments's current ROCE % of 28.68% is 278.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median ROCE % is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moksh Ornaments's current ROCE % is 28.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moksh Ornaments stock overvalued right now?
Moksh Ornaments (NSE:MOKSH) has a current ROCE % of 28.68%. The current ROCE % is 28.68% and 278.1% above the Retail - Cyclical industry median of 7.59. Moksh Ornaments' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Moksh Ornaments (NSE:MOKSH), the current ROCE % is 28.68% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Moksh Ornaments Business Description

Address Kalbadevi Road, B-405/1, B-405/2, 4th floor, 99, Mulji Jetha Building, Glitz Mall, Champa Galli Cross Lane, Vitthalwadi, Kalbadevi, Mumbai, MH, IND, 400002
Moksh Ornaments Ltd is an India based company engaged in the manufacturing and wholesale of jewellery. The company sells gold jewellery and its product profile includes Bangles, Chain, and Mangalsutra. The jewelleries are manufactured on job work basis at Kolkata and Mumbai.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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