Mangalam Worldwide (NSE:MWL) ROCE % : 16.45% (As of Sep. 2023)

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What is Mangalam Worldwide 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. Mangalam Worldwide's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.45%.

Mangalam Worldwide ROCE % Historical Data

The historical data trend for Mangalam Worldwide'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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Mangalam Worldwide ROCE % Chart

Mangalam Worldwide Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

4.84

32.39

49.88

63.67

16.81

Mangalam Worldwide Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			57.98	65.09	15.79	14.21	16.45

Mangalam Worldwide ROCE % Calculation

Mangalam Worldwide'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 )
	=	178.518	/	( ( (1226.575 - 707.582)	+	(2576.53 - 972.198) )	/ 2 )
	=	178.518	/	( (518.993	+	1604.332)	/ 2 )
	=	178.518	/	1061.6625
	=	16.81 %

Mangalam Worldwide's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	279.198	/	( ( (2576.53 - 972.198)	+	(3296.125 - 1506.455) )	/ 2 )
	=	279.198	/	( ( 1604.332	+	1789.67 )	/ 2 )
	=	279.198	/	1697.001
	=	16.45 %

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

Mangalam Worldwide (NSE:MWL) 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.

Mangalam Worldwide ROCE % Related Terms

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Mangalam Worldwide (NSE:MWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangalam Worldwide Ltd (NSE:MWL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.mangalamsaarloh.com

Mangalam Worldwide Ltd is engaged in the manufacturing of stainless steel. The company manufactures Stainless Steel Billets and SS Flat Bars.

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