M P Agro Industries (BOM:506543) ROCE % : 0.78% (As of Dec. 2023)

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What is M P Agro Industries 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 P Agro Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.78%.

M P Agro Industries ROCE % Historical Data

The historical data trend for M P Agro Industries'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 P Agro Industries ROCE % Chart

M P Agro Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.62

-5.79

1.02

0.89

0.23

M P Agro Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.88	-5.53	1.95	-1.03	0.78

M P Agro Industries ROCE % Calculation

M P Agro Industries'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 )
	=	0.134	/	( ( (58.83 - 0.651)	+	(59.551 - 1.155) )	/ 2 )
	=	0.134	/	( (58.179	+	58.396)	/ 2 )
	=	0.134	/	58.2875
	=	0.23 %

M P Agro Industries'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 )
	=	0.456	/	( ( (60.547 - 2.095)	+	(0 - 0) )	/ 1 )
	=	0.456	/	( ( 58.452	+	0 )	/ 1 )
	=	0.456	/	58.452
	=	0.78 %

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

M P Agro Industries (BOM:506543) 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 P Agro Industries ROCE % Related Terms

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M P Agro Industries (BOM:506543) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » M P Agro Industries Ltd (BOM:506543) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o. Bharat Equity Services Ltd, 924, 9th Floor, Fortune Tower, Sayajigunj, Vadodara, GJ, IND, 390020

Website

http://www.mpagroindustries.in

M P Agro Industries Ltd is engaged in the business of manufacturing, storing, packing, distributing, and transporting fertilizers, heavy chemicals, and by-products. It is in the business of trading of heavy chemicals. Its business division is Manufacturing NPK (Nitrogen, Phosphorous, and Potash) fertilizers.

M P Agro Industries (BOM:506543) Headlines

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