MSP Steel & Power (BOM:532650) ROCE % : 13.20% (As of Dec. 2023)

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What is MSP Steel & Power 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. MSP Steel & Power's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.20%.

MSP Steel & Power ROCE % Historical Data

The historical data trend for MSP Steel & Power'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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MSP Steel & Power ROCE % Chart

MSP Steel & Power Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.79

1.18

7.30

8.40

1.11

MSP Steel & Power 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															4.34	14.19	7.40	8.97	13.20

MSP Steel & Power ROCE % Calculation

MSP Steel & Power'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 )
	=	123.312	/	( ( (17511.609 - 6052.754)	+	(16479.289 - 5742.551) )	/ 2 )
	=	123.312	/	( (11458.855	+	10736.738)	/ 2 )
	=	123.312	/	11097.7965
	=	1.11 %

MSP Steel & Power'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 )
	=	1414.924	/	( ( (15852.511 - 5130.084)	+	(0 - 0) )	/ 1 )
	=	1414.924	/	( ( 10722.427	+	0 )	/ 1 )
	=	1414.924	/	10722.427
	=	13.20 %

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

MSP Steel & Power (BOM:532650) 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.

MSP Steel & Power ROCE % Related Terms

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MSP Steel & Power (BOM:532650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » MSP Steel & Power Ltd (BOM:532650) » Definitions » ROCE %

Traded in Other Exchanges

MSPL:India

Address

New Alipore, 16/S, Block A, Kolkata, WB, IND, 700 053

Website

https://www.mspsteel.com

MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.

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