Multi Commodity Exchange of India (NSE:MCX) ROCE % : 19.50% (As of Mar. 2024)

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What is Multi Commodity Exchange of 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. Multi Commodity Exchange of India's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.50%.

Multi Commodity Exchange of India ROCE % Historical Data

The historical data trend for Multi Commodity Exchange of 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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Multi Commodity Exchange of India ROCE % Chart

Multi Commodity Exchange of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.41

14.17

9.32

9.23

4.70

Multi Commodity Exchange of India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.33	2.65	-3.31	-2.77	19.50

Multi Commodity Exchange of India ROCE % Calculation

Multi Commodity Exchange of India's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1022.5	/	( ( (30227.5 - 8976)	+	(34087.9 - 11841.7) )	/ 2 )
	=	1022.5	/	( (21251.5	+	22246.2)	/ 2 )
	=	1022.5	/	21748.85
	=	4.70 %

Multi Commodity Exchange of India's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	4338	/	( ( (0 - 0)	+	(34087.9 - 11841.7) )	/ 1 )
	=	4338	/	( ( 0	+	22246.2 )	/ 1 )
	=	4338	/	22246.2
	=	19.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Multi Commodity Exchange of India (NSE:MCX) 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.

Multi Commodity Exchange of India ROCE % Related Terms

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Multi Commodity Exchange of India (NSE:MCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Multi Commodity Exchange of India Ltd (NSE:MCX) » Definitions » ROCE %

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534091:India

Address

Suren Road, Exchange Square, Chakala, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.mcxindia.com

Multi Commodity Exchange of India Ltd is an India-based deemed Stock Exchange recognized under the Securities Contracts (Regulation) Act, 1956. The company facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. The company is a demutualized Exchange and has permanent recognition from the Government of India to facilitate nationwide online trading, clearing, and settlement operations of commodity derivatives. The company derives its revenues from transaction fees, admission fees, annual subscription fees, terminal charges, connectivity income, interest income, dividends from and gains on the sale of investments, and other miscellaneous income.

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