Mahalaxmi Rubtech (BOM:514450) ROCE % : 15.22% (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Mahalaxmi Rubtech 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. Mahalaxmi Rubtech's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.22%.

Mahalaxmi Rubtech ROCE % Historical Data

The historical data trend for Mahalaxmi Rubtech'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.

* Premium members only.

Mahalaxmi Rubtech ROCE % Chart

Mahalaxmi Rubtech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

8.20

8.68

10.01

12.97

15.34

Mahalaxmi Rubtech 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															15.26	16.47	13.25	19.47	15.22

Mahalaxmi Rubtech ROCE % Calculation

Mahalaxmi Rubtech'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 )
	=	154.275	/	( ( (1921.293 - 910.389)	+	(2103.756 - 1103.054) )	/ 2 )
	=	154.275	/	( (1010.904	+	1000.702)	/ 2 )
	=	154.275	/	1005.803
	=	15.34 %

Mahalaxmi Rubtech'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 )
	=	154.956	/	( ( (2138.595 - 1120.249)	+	(0 - 0) )	/ 1 )
	=	154.956	/	( ( 1018.346	+	0 )	/ 1 )
	=	154.956	/	1018.346
	=	15.22 %

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

Mahalaxmi Rubtech (BOM:514450) 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.

Mahalaxmi Rubtech ROCE % Related Terms

Thank you for viewing the detailed overview of Mahalaxmi Rubtech's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mahalaxmi Rubtech (BOM:514450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Rubtech Ltd (BOM:514450) » Definitions » ROCE %

Traded in Other Exchanges

MHLXMIRU:India

Address

Polytechnic Road, Mahalaxmi House, YSL Avenue, Opposite Ketav Petrol Pump, Ambavadi, Ahmedabad, GJ, IND, 380015

Website

https://www.mrtglobal.com

Mahalaxmi Rubtech Ltd is an Indian textile manufacturing company. The company has structured its operations into the following business segments - Rubber and Technical textiles Products, and Textile Products. The company's product portfolio comprises; printing blankets, textile printing blankets, rubber-coated fabrics, hydraulic seals, air cells, and technical textiles. The majority of the revenue accrues from the Textile products segment.

Mahalaxmi Rubtech (BOM:514450) Headlines

No Headlines