MSR India (BOM:508922) ROCE % : -1.61% (As of Dec. 2023)

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What is MSR India 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. MSR India's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.61%.

MSR India ROCE % Historical Data

The historical data trend for MSR India'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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MSR India ROCE % Chart

MSR India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.13

9.18

-217.49

0.13

86.48

MSR India 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															-840.63	230.23	7.10	6.70	-1.61

MSR India ROCE % Calculation

MSR India'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 )
	=	140.605	/	( ( (360.009 - 333.541)	+	(375.4 - 76.683) )	/ 2 )
	=	140.605	/	( (26.468	+	298.717)	/ 2 )
	=	140.605	/	162.5925
	=	86.48 %

MSR India'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 )
	=	-3.472	/	( ( (249.73 - 34.078)	+	(0 - 0) )	/ 1 )
	=	-3.472	/	( ( 215.652	+	0 )	/ 1 )
	=	-3.472	/	215.652
	=	-1.61 %

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

MSR India (BOM:508922) 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.

MSR India ROCE % Related Terms

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MSR India (BOM:508922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MSR India Ltd (BOM:508922) » Definitions » ROCE %

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Address

Survey No.36, Bowrampet Village, Quthubullapur Mandal, Ranga Reddy District, Hyderabad, TG, IND, 500043

Website

http://www.msrindia.in

MSR India Ltd is engaged in the business of manufacturing and sale of Copper Bottles, vermicelli, Atta, and special-purpose components for ISRO. It manufactures copper bottles for drinking water in various shapes and sizes. Its product offerings comprise copper Strips, OFHC copper rods, copper wire, stamping parts, Power press components, extrusion components. Its segment comprises Copper products and FMCG. The company generates maximum revenue from the Copper products segment.

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