Manav infra projects (NSE:MANAV) ROCE % : -157.07% (As of Mar. 2022)

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What is Manav infra projects 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. Manav infra projects's annualized ROCE % for the quarter that ended in Mar. 2022 was -157.07%.

Manav infra projects ROCE % Historical Data

The historical data trend for Manav infra projects'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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Manav infra projects ROCE % Chart

Manav infra projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.55

-28.70

-55.29

-83.39

438.90

Manav infra projects Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial												-41.13	-75.04	-31.36	-157.07	-

Manav infra projects ROCE % Calculation

Manav infra projects'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 )
	=	21.53	/	( ( (102.236 - 90.276)	+	(95.904 - 98.053) )	/ 2 )
	=	21.53	/	( (11.96	+	-2.149)	/ 2 )
	=	21.53	/	4.9055
	=	438.90 %

Manav infra projects's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Sep. 2021 )		(Q: Mar. 2022 )
	=	-43.81	/	( ( (125.096 - 81.272)	+	(102.236 - 90.276) )	/ 2 )
	=	-43.81	/	( ( 43.824	+	11.96 )	/ 2 )
	=	-43.81	/	27.892
	=	-157.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2022) EBIT data.

Manav infra projects (NSE:MANAV) 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.

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Manav infra projects (NSE:MANAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manav infra projects Ltd (NSE:MANAV) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101

Website

https://www.manavinfra.com

Manav infra projects Ltd is engaged in civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work, and others.

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