Meera Industries (BOM:540519) ROCE % : 8.39% (As of Dec. 2023)

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What is Meera 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. Meera Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.39%.

Meera Industries ROCE % Historical Data

The historical data trend for Meera 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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Meera Industries ROCE % Chart

Meera Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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56.39

4.04

11.89

15.01

-4.40

Meera Industries Quarterly Data
	Jan17	Sep17	Mar18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.46	-3.75	3.20	5.34	8.39

Meera Industries ROCE % Calculation

Meera 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 )
	=	-11.862	/	( ( (359.782 - 82.026)	+	(357.06 - 95.905) )	/ 2 )
	=	-11.862	/	( (277.756	+	261.155)	/ 2 )
	=	-11.862	/	269.4555
	=	-4.40 %

Meera 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 )
	=	22.236	/	( ( (367.033 - 101.942)	+	(0 - 0) )	/ 1 )
	=	22.236	/	( ( 265.091	+	0 )	/ 1 )
	=	22.236	/	265.091
	=	8.39 %

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

Meera Industries (BOM:540519) 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.

Meera Industries ROCE % Related Terms

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Meera Industries (BOM:540519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meera Industries Ltd (BOM:540519) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2126, Road No. 2 GIDC, Sachin, Surat, GJ, IND, 394230

Website

https://www.meeraind.com

Meera Industries Ltd is engaged in the production of textile twisting machinery and technology. The product portfolio includes Two for one twister, Servo-controlled cop winder, Cone-assembly winder, Ring twister, covering machine, TPRS twister machine, and Heavy-duty twister and cabler machine, and Continuous bulk and heat setting machine. Its operating segment includes Machine manufacturing, Machine trading and Yarn. The company generates maximum revenue from the Machine manufacturing segment. Geographically, it derives a majority of revenue from India.

Meera Industries (BOM:540519) Headlines

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