Paramount Cosmetics (India) (BOM:507970) ROCE % : 6.50% (As of Dec. 2023)

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What is Paramount Cosmetics (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. Paramount Cosmetics (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 6.50%.

Paramount Cosmetics (India) ROCE % Historical Data

The historical data trend for Paramount Cosmetics (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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Paramount Cosmetics (India) ROCE % Chart

Paramount Cosmetics (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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10.24

9.93

9.98

9.45

6.82

Paramount Cosmetics (India) 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															7.02	6.73	6.32	9.41	6.50

Paramount Cosmetics (India) ROCE % Calculation

Paramount Cosmetics (India)'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 )
	=	19.752	/	( ( (473.707 - 181.435)	+	(429.971 - 142.63) )	/ 2 )
	=	19.752	/	( (292.272	+	287.341)	/ 2 )
	=	19.752	/	289.8065
	=	6.82 %

Paramount Cosmetics (India)'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 )
	=	19.512	/	( ( (427.548 - 127.209)	+	(0 - 0) )	/ 1 )
	=	19.512	/	( ( 300.339	+	0 )	/ 1 )
	=	19.512	/	300.339
	=	6.50 %

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

Paramount Cosmetics (India) (BOM:507970) 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.

Paramount Cosmetics (India) ROCE % Related Terms

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Paramount Cosmetics (India) (BOM:507970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Paramount Cosmetics (India) Ltd (BOM:507970) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 29, Mahatma Gandhi Road, 902-904, 9th Floor, Prestige Meridian-1, Bangalore, KA, IND, 560001

Website

https://www.parammount.com

Paramount Cosmetics (India) Ltd operates in the cosmetics industry. The company is a manufacturer and marketer of cosmetics in India. The firm offers cosmetic products under the brands - Shilpa, Sunspot, Kromme, and Instinct. It operates in five segments namely body care, hair care, face care, hand care and color cosmetics. The company operates within India and outside India of which maximum revenue is generated from India.

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