MIC Electronics (NSE:MICEL) ROCE % : 16.14% (As of Dec. 2023)

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What is MIC Electronics 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. MIC Electronics's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.14%.

MIC Electronics ROCE % Historical Data

The historical data trend for MIC Electronics'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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MIC Electronics ROCE % Chart

MIC Electronics Annual Data

Trend

Jun13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.07

1.45

MIC Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.70	17.27	10.72	49.42	16.14

MIC Electronics ROCE % Calculation

MIC Electronics'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 )
	=	9.606	/	( ( (750.748 - 88.592)	+	(873.998 - 213.813) )	/ 2 )
	=	9.606	/	( (662.156	+	660.185)	/ 2 )
	=	9.606	/	661.1705
	=	1.45 %

MIC Electronics'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 )
	=	122.8	/	( ( (973.5 - 212.6)	+	(0 - 0) )	/ 1 )
	=	122.8	/	( ( 760.9	+	0 )	/ 1 )
	=	122.8	/	760.9
	=	16.14 %

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

MIC Electronics (NSE:MICEL) 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.

MIC Electronics ROCE % Related Terms

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MIC Electronics (NSE:MICEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MIC Electronics Ltd (NSE:MICEL) » Definitions » ROCE %

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532850:India

Address

Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051

Website

https://www.mic.co.in

MIC Electronics Ltd designs, develops and manufactures light-emitting diode (LED) video displays, high-end electronic and telecommunication equipment, and development of telecom software. The operating segments of the group are LED products; Medical appliances and Automobiles. Its products include LED Lighting, LED Displays, Oxygen concentrators and Batteries. The group primarily derives revenue from India.

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