Marine Electricals (India) (NSE:MARINE) ROCE % : 15.93% (As of Dec. 2023)

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What is Marine Electricals (India) 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. Marine Electricals (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 15.93%.

Marine Electricals (India) ROCE % Historical Data

The historical data trend for Marine Electricals (India)'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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Marine Electricals (India) ROCE % Chart

Marine Electricals (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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13.37

9.04

13.16

12.50

14.57

Marine Electricals (India) Quarterly Data
	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-	10.17	13.61	14.76	15.93

Marine Electricals (India) ROCE % Calculation

Marine Electricals (India)'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 )
	=	314.235	/	( ( (3734.204 - 1839.749)	+	(4657.415 - 2238.501) )	/ 2 )
	=	314.235	/	( (1894.455	+	2418.914)	/ 2 )
	=	314.235	/	2156.6845
	=	14.57 %

Marine Electricals (India)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	406.684	/	( ( (5313.508 - 2760.402)	+	(0 - 0) )	/ 1 )
	=	406.684	/	( ( 2553.106	+	0 )	/ 1 )
	=	406.684	/	2553.106
	=	15.93 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Marine Electricals (India) (NSE:MARINE) 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.

Marine Electricals (India) ROCE % Related Terms

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Marine Electricals (India) (NSE:MARINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

B/1, Udyog Sadan No. 3, MIDC, Marol Industrial Area, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is an integrated technical service provider. It offers services in the fields of electrical automation and information and communication technology solutions in diversified areas like Ship Building and Ship repair for Navy and Commercial Vessels/ Industries and Buildings / Renewables EPC. It also develops, designs, manufactures, and markets marine and industrial electrical and electronic switch gears, control gears, and electrical and electronic components including renewable energy. The firm is organized into two segments: Electricals and Electronics and Solar out of which the Electricals and Electronics segment accounts for the majority of revenue.

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