Maruti Interior Products (BOM:543464) ROCE % : 11.04% (As of Mar. 2024)

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What is Maruti Interior Products 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. Maruti Interior Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.04%.

Maruti Interior Products ROCE % Historical Data

The historical data trend for Maruti Interior Products'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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Maruti Interior Products ROCE % Chart

Maruti Interior Products Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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41.15

21.58

23.67

21.26

16.15

Maruti Interior Products Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				23.08	27.57	15.07	21.07	11.04

Maruti Interior Products ROCE % Calculation

Maruti Interior Products'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 )
	=	49.796	/	( ( (352.317 - 60.358)	+	(403.895 - 79.02) )	/ 2 )
	=	49.796	/	( (291.959	+	324.875)	/ 2 )
	=	49.796	/	308.417
	=	16.15 %

Maruti Interior Products'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	35.436	/	( ( (387.596 - 70.605)	+	(403.895 - 79.02) )	/ 2 )
	=	35.436	/	( ( 316.991	+	324.875 )	/ 2 )
	=	35.436	/	320.933
	=	11.04 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Maruti Interior Products (BOM:543464) 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.

Maruti Interior Products ROCE % Related Terms

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Maruti Interior Products (BOM:543464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Maruti Interior Products Ltd (BOM:543464) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9, 10, 1 IA, 13, Jay Krishna Industrial Estate, Survey No. 236, Behind Vikas Stove, Veraval (Shapar), Rajkot, GJ, IND, 360024

Website

https://www.everydaykitchenstorage.in

Maruti Interior Products Ltd is engaged in the manufacturing and domestic sale and export of modular kitchen storage systems, aluminum long wardrobe handles, and profile handles. The company has a wide range of product offerings for different customer segments. The brand Everyday Kitchen is focused on economic products while the other brand Spitze by Everyday offers premium products. The products of the company include Spitze Aluminium Profile handles, Wire shelving system, Spitze cabinet pull handles, Spitze wardrobe handle and others.

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