M V K Agro food product (NSE:MVKAGRO) ROCE % : 23.43% (As of Mar. 2024)

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What is M V K Agro food product 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. M V K Agro food product's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.43%.

M V K Agro food product ROCE % Historical Data

The historical data trend for M V K Agro food product'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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M V K Agro food product ROCE % Chart

M V K Agro food product Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

10.66

21.49

25.08

24.37

M V K Agro food product Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	36.20	23.43

M V K Agro food product ROCE % Calculation

M V K Agro food product'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 )
	=	226.782	/	( ( (1547.193 - 940.139)	+	(2821.814 - 1567.428) )	/ 2 )
	=	226.782	/	( (607.054	+	1254.386)	/ 2 )
	=	226.782	/	930.72
	=	24.37 %

M V K Agro food product's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	224.284	/	( ( (1480.405 - 820.64)	+	(2821.814 - 1567.428) )	/ 2 )
	=	224.284	/	( ( 659.765	+	1254.386 )	/ 2 )
	=	224.284	/	957.0755
	=	23.43 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

M V K Agro food product (NSE:MVKAGRO) 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.

M V K Agro food product ROCE % Related Terms

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M V K Agro food product Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » M V K Agro food product Ltd (NSE:MVKAGRO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

GUT No. 44 and 46, Kusumnagar, At Post Waghalwada, Umari, Nanded, MH, IND, 431807

Website

https://www.mvkagrofood.com

M V K Agro food product Ltd is a sugar and other allied products manufacturing company. It manufactures sugar and also sells by-products and waste products, namely, Molasses, Bagasse and Pressmud, and is also engaged in the generation of Power for captive consumption. The company has two segments, namely Sugar and its by-products/waste products from which the sugar segment generates maximum revenue.

M V K Agro food product Headlines

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