Manoj Ceramic (BOM:544073) ROCE % : 27.85% (As of Mar. 2024)

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What is Manoj Ceramic 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. Manoj Ceramic's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.85%.

Manoj Ceramic ROCE % Historical Data

The historical data trend for Manoj Ceramic'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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Manoj Ceramic ROCE % Chart

Manoj Ceramic Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

15.97

19.12

32.07

30.89

Manoj Ceramic Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	36.43	27.85

Manoj Ceramic ROCE % Calculation

Manoj Ceramic'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 )
	=	147.336	/	( ( (778.764 - 408.603)	+	(1048.386 - 464.5) )	/ 2 )
	=	147.336	/	( (370.161	+	583.886)	/ 2 )
	=	147.336	/	477.0235
	=	30.89 %

Manoj Ceramic'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 )
	=	144.534	/	( ( (849.123 - 395.109)	+	(1048.386 - 464.5) )	/ 2 )
	=	144.534	/	( ( 454.014	+	583.886 )	/ 2 )
	=	144.534	/	518.95
	=	27.85 %

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

Manoj Ceramic (BOM:544073) 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.

Manoj Ceramic ROCE % Related Terms

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Manoj Ceramic (BOM:544073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Manoj Ceramic Ltd (BOM:544073) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 2 to 8, Building No. 19-24, Indian Corporation Compound, Mankoli Naka, Bhiwandi, Thane, MH, IND, 421302

Website

https://www.mcplworld.com

Manoj Ceramic Ltd is engaged in trading ceramic tiles and Tiles Adhesive under their own brand " MCPL" through a dealer network, Retail showroom, wholesale as BTB, and export. It specializes in two products: Ceramic Tiles and Tile Adhesive. Its segment includes the business of wholesale or retail, the business of trading in all kinds of building materials including cements of all varieties.

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