M Lakhamsi Industries (BOM:512153) ROCE % : 21.29% (As of Dec. 2023)

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What is M Lakhamsi 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 Lakhamsi Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.29%.

M Lakhamsi Industries ROCE % Historical Data

The historical data trend for M Lakhamsi 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 Lakhamsi Industries ROCE % Chart

M Lakhamsi Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-22.54

-260.52

30.50

26.81

M Lakhamsi 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															58.38	29.24	27.94	30.47	21.29

M Lakhamsi Industries ROCE % Calculation

M Lakhamsi 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 )
	=	17.977	/	( ( (234.677 - 170.949)	+	(281.942 - 211.56) )	/ 2 )
	=	17.977	/	( (63.728	+	70.382)	/ 2 )
	=	17.977	/	67.055
	=	26.81 %

M Lakhamsi 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 )
	=	15.636	/	( ( (292.11 - 218.658)	+	(0 - 0) )	/ 1 )
	=	15.636	/	( ( 73.452	+	0 )	/ 1 )
	=	15.636	/	73.452
	=	21.29 %

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

M Lakhamsi Industries (BOM:512153) 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 Lakhamsi Industries ROCE % Related Terms

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M Lakhamsi Industries (BOM:512153) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M Lakhamsi Industries Ltd (BOM:512153) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

505 Churchgate Chambers, 5 New Marine Lines, Mumbai, MH, IND, 400020

Website

https://www.m.lakhamsi.com

M Lakhamsi Industries Ltd is a financial company. Its core business activities include marketing, investment, and finance activities. It generates revenue in the form of dividends and income from investment.

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