Morganite Crucible (India) (BOM:523160) ROCE % : 4.14% (As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Morganite Crucible (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. Morganite Crucible (India)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 4.14%.

Morganite Crucible (India) ROCE % Historical Data

The historical data trend for Morganite Crucible (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.

* Premium members only.

Morganite Crucible (India) ROCE % Chart

Morganite Crucible (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

17.78

8.01

22.30

17.89

25.70

Morganite Crucible (India) 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															10.59	33.44	34.04	26.70	4.14

Morganite Crucible (India) ROCE % Calculation

Morganite Crucible (India)'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 )
	=	329.31	/	( ( (1610.994 - 341.454)	+	(1742.142 - 448.549) )	/ 2 )
	=	329.31	/	( (1269.54	+	1293.593)	/ 2 )
	=	329.31	/	1281.5665
	=	25.70 %

Morganite Crucible (India)'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 )
	=	53.536	/	( ( (0 - 0)	+	(1742.142 - 448.549) )	/ 1 )
	=	53.536	/	( ( 0	+	1293.593 )	/ 1 )
	=	53.536	/	1293.593
	=	4.14 %

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

Morganite Crucible (India) (BOM:523160) 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.

Morganite Crucible (India) ROCE % Related Terms

Thank you for viewing the detailed overview of Morganite Crucible (India)'s ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Morganite Crucible (India) (BOM:523160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morganite Crucible (India) Ltd (BOM:523160) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-11, MIDC Industrial Area, Waluj, Aurangabad, MH, IND, 431136

Website

https://www.morganmms.com

Morganite Crucible (India) Ltd is engaged in the business of manufacturing and selling high-functioning Crucibles, Foundry consumables, and Allied refractory products. Its product portfolio encompasses a range of crucibles and foundry products which are offered in distinct shapes and sizes. Some of its products are Syncarb Z2e2, Suprex, Nozzle, Blue Lightning Thermocouple Sheaths, Tubes and plunger mix, Salamander and others. The company does its sales via geographical segments that include India, Asia and the Far East, Europe, Africa, the Middle East, North America, and Others. The majority of its revenue is derived from India.

Morganite Crucible (India) (BOM:523160) Headlines

No Headlines