Modern Insulators (BOM:515008) ROCE % : 9.91% (As of Dec. 2023)

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What is Modern Insulators 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. Modern Insulators's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.91%.

Modern Insulators ROCE % Historical Data

The historical data trend for Modern Insulators'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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Modern Insulators ROCE % Chart

Modern Insulators Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.15

8.72

11.31

6.11

6.82

Modern Insulators 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															10.72	10.64	4.28	5.71	9.91

Modern Insulators ROCE % Calculation

Modern Insulators'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 )
	=	289.12	/	( ( (5055.456 - 945.509)	+	(5037.024 - 671.813) )	/ 2 )
	=	289.12	/	( (4109.947	+	4365.211)	/ 2 )
	=	289.12	/	4237.579
	=	6.82 %

Modern Insulators'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 )
	=	441.672	/	( ( (5077.669 - 619.861)	+	(0 - 0) )	/ 1 )
	=	441.672	/	( ( 4457.808	+	0 )	/ 1 )
	=	441.672	/	4457.808
	=	9.91 %

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

Modern Insulators (BOM:515008) 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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Modern Insulators (BOM:515008) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Modern Insulators Ltd (BOM:515008) » Definitions » ROCE %

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Address

Pochkhanwala Road, 68/69, Godavari, Worli, Mumbai, MH, IND, 400030

Website

https://www.moderninsulators.com

Modern Insulators Ltd manufactures high-voltage alumina porcelain insulators in India. Hollow porcelain insulators, solid core post insulators, long rod insulators, and railway insulators are among the company's products. The company's operating segment includes Insulators and Terry Towels. It generates maximum revenue from Insulators segment. Geographically, it derives a majority of its revenue from India.

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