Maximus International (BOM:540401) ROCE % : 27.98% (As of Dec. 2023)

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What is Maximus International 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. Maximus International's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.98%.

Maximus International ROCE % Historical Data

The historical data trend for Maximus International'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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Maximus International ROCE % Chart

Maximus International Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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22.24

13.69

13.40

18.70

21.70

Maximus International 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															21.95	12.45	13.94	14.60	27.98

Maximus International ROCE % Calculation

Maximus International'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 )
	=	92.96	/	( ( (542.754 - 175.33)	+	(771.031 - 281.725) )	/ 2 )
	=	92.96	/	( (367.424	+	489.306)	/ 2 )
	=	92.96	/	428.365
	=	21.70 %

Maximus International'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 )
	=	137.052	/	( ( (871.997 - 382.144)	+	(0 - 0) )	/ 1 )
	=	137.052	/	( ( 489.853	+	0 )	/ 1 )
	=	137.052	/	489.853
	=	27.98 %

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

Maximus International (BOM:540401) 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.

Maximus International ROCE % Related Terms

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Maximus International (BOM:540401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Maximus International Ltd (BOM:540401) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. Vikram Sarabhai Marg, 504 A, Ozone, 5th Floor, Vadi Wadi, Vadodara, GJ, IND, 390003

Website

https://www.maximusinternational.in

Maximus International Ltd is engaged in the import and export of oils and chemicals. The company trades lubricant oil for the automotive industry such as Diesel and petrol engine oil, Brake oil; Circulating and Hydraulic oil, Open and enclosed gearbox oil, Sewing machine oil, and coning oil, among others for industrial oil. It also offers specialty oils such as printing ink, aluminum rolling lubricants, insulating oil, and calibration oil, among others. The company also provides agriculture products and additives such as herbal pesticides, integrated pest management and lures, tractor spares and attachments, lubricating, and plastic additives. The group sells its products in India and Outside India of which prime revenue is made from the sales made Outside India.

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