Mahanagar Telephone Nigam (BOM:500108) ROCE % : -39.94% (As of Mar. 2024)

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What is Mahanagar Telephone Nigam 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. Mahanagar Telephone Nigam's annualized ROCE % for the quarter that ended in Mar. 2024 was -39.94%.

Mahanagar Telephone Nigam ROCE % Historical Data

The historical data trend for Mahanagar Telephone Nigam'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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Mahanagar Telephone Nigam ROCE % Chart

Mahanagar Telephone Nigam Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-122.43

-30.37

-70.10

-448.75

Mahanagar Telephone Nigam Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-39.94

Mahanagar Telephone Nigam ROCE % Calculation

Mahanagar Telephone Nigam'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 )
	=	-5778.1	/	( ( (116439.9 - 123376)	+	(107173.4 - 97662.1) )	/ 2 )
	=	-5778.1	/	( (-6936.1	+	9511.3)	/ 2 )
	=	-5778.1	/	1287.6
	=	-448.75 %

Mahanagar Telephone Nigam'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-3798.8	/	( ( (0 - 0)	+	(107173.4 - 97662.1) )	/ 1 )
	=	-3798.8	/	( ( 0	+	9511.3 )	/ 1 )
	=	-3798.8	/	9511.3
	=	-39.94 %

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

Mahanagar Telephone Nigam (BOM:500108) 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.

Mahanagar Telephone Nigam ROCE % Related Terms

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Mahanagar Telephone Nigam (BOM:500108) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Mahanagar Telephone Nigam Ltd (BOM:500108) » Definitions » ROCE %

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MTNL:India

Address

Lodhi Road, 5th Floor, 9, CGO Complex, Mahanagar Doorsanchar Sadan, New Delhi, IND, 110 003

Website

https://www.mtnl.in

Mahanagar Telephone Nigam Ltd is an India-based company engaged in providing telecommunications services. The company's operating segment includes the Basic and Cellular segments. It generates maximum revenue from the Basic segment. The company provides a host of telecom services that include fixed telephone service, GSM (including 3G services), Internet, Broadband, ISDN, and Leased Line services.

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