MKP Mobility (BOM:521244) ROCE % : 5.71% (As of Dec. 2023)

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What is MKP Mobility 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. MKP Mobility's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.71%.

MKP Mobility ROCE % Historical Data

The historical data trend for MKP Mobility'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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MKP Mobility ROCE % Chart

MKP Mobility Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-6.64

-6.91

-7.20

-7.55

-8.75

MKP Mobility 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															-4.67	-8.99	31.89	4.76	5.71

MKP Mobility ROCE % Calculation

MKP Mobility'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 )
	=	-2.695	/	( ( (10.13 - 0.153)	+	(56.55 - 4.914) )	/ 2 )
	=	-2.695	/	( (9.977	+	51.636)	/ 2 )
	=	-2.695	/	30.8065
	=	-8.75 %

MKP Mobility'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 )
	=	3.248	/	( ( (69.647 - 12.731)	+	(0 - 0) )	/ 1 )
	=	3.248	/	( ( 56.916	+	0 )	/ 1 )
	=	3.248	/	56.916
	=	5.71 %

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

MKP Mobility (BOM:521244) 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.

MKP Mobility ROCE % Related Terms

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MKP Mobility (BOM:521244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MKP Mobility Ltd (BOM:521244) » Definitions » ROCE %

Comparable Companies

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N/A

Address

P.B. No. 9, Bangalore Roadchallekere, Siddapura Village, Challekere, Chitradurga, KA, IND, 577522

Website

https://www.chitraspinltd.com

MKP Mobility Ltd is involved into the business of distribution and exports- automotive parts, industrial products, mechanical and electronic components, auto care products. lubricants, tyres, batteries, refurbished parts The Company primarily operates in the Distribution of Automobile spare parts and lubricants which is also its single reportable segment. Its business activities include: purchase and sales- 2wheelers, 3 wheelers and cars and commercial vehicles; provide services relating to warehousing and logistics; manufacturing, producing and assembling packaging and operate workshops for repairing, servicing all types of automotive vehicles, industrial equipment, construction equipment.

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