MIRC Electronics Key Ratios

Mirc's declining PAT margin indicates persistent operational inefficiencies, significantly contributing to the negative ROE over the analyzed years.Despite relatively high asset turnover ratios, their decreasing trend reflects reduced operational efficiency, exacerbating the downward pressure on ROE.Leverage has remained relatively high, which could amplify equity losses when profitability is negative, leading to a worsening ROE situation.

Inventory days have increased significantly, indicating slow-moving stock which may signal declining demand or mismanagement in inventory control.Receivable days have also risen, suggesting that the company is taking longer to collect payments, potentially affecting liquidity.Payable days have increased substantially, allowing for better cash flow management in the short term; however, this may strain supplier relationships.

ROE has consistently remained negative, driven primarily by poor profitability, reflecting ineffective management and operational challenges.ROCE improved temporarily in 2015 but subsequently declined again, indicating that while capital efficiency showed transient strength, the overall trend is troubling.ROA remains negative across all years, suggesting that overall asset management has been ineffective in generating returns, heavily influenced by the negative net profit.