Misquita Engineering (BOM:542801) ROCE % : -16.97% (As of Sep. 2023)

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What is Misquita Engineering 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. Misquita Engineering's annualized ROCE % for the quarter that ended in Sep. 2023 was -16.97%.

Misquita Engineering ROCE % Historical Data

The historical data trend for Misquita Engineering'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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Misquita Engineering ROCE % Chart

Misquita Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.00

13.85

7.04

10.47

10.73

Misquita Engineering Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial							15.44	5.19	12.18	8.91	-16.97

Misquita Engineering ROCE % Calculation

Misquita Engineering'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 )
	=	6.948	/	( ( (93.094 - 27.361)	+	(92.231 - 28.453) )	/ 2 )
	=	6.948	/	( (65.733	+	63.778)	/ 2 )
	=	6.948	/	64.7555
	=	10.73 %

Misquita Engineering's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-10.298	/	( ( (92.231 - 28.453)	+	(107.959 - 50.348) )	/ 2 )
	=	-10.298	/	( ( 63.778	+	57.611 )	/ 2 )
	=	-10.298	/	60.6945
	=	-16.97 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Misquita Engineering (BOM:542801) 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.

Misquita Engineering ROCE % Related Terms

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Misquita Engineering (BOM:542801) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Misquita Engineering Ltd (BOM:542801) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

182/1, Ghar Bhat, Vaiginim Vaddo, Nachinola, Aldona, Bardez, North Goa, Goa, GA, IND, 403508

Website

https://www.misquitaengg.com

Misquita Engineering Ltd is a manufacturer of flame retardant motor, bearing housing and base station antenna. The company currently supplies cast iron bearing housings of different models for all their front loading washing machines and also supplies cast iron components to Crompton Greaves for their flame retardant motors. The company generates its revenue from domestic sales of its Manufactured products.

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