Ashish Polyplast (BOM:530429) ROCE % : 8.10% (As of Mar. 2024)

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What is Ashish Polyplast 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. Ashish Polyplast's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.10%.

Ashish Polyplast ROCE % Historical Data

The historical data trend for Ashish Polyplast'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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Ashish Polyplast ROCE % Chart

Ashish Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.90

8.83

10.37

6.29

16.58

Ashish Polyplast Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															4.05	18.51	12.91	27.66	8.10

Ashish Polyplast ROCE % Calculation

Ashish Polyplast'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 )
	=	10.863	/	( ( (79.811 - 18.337)	+	(82.172 - 12.612) )	/ 2 )
	=	10.863	/	( (61.474	+	69.56)	/ 2 )
	=	10.863	/	65.517
	=	16.58 %

Ashish Polyplast'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 )
	=	5.636	/	( ( (0 - 0)	+	(82.172 - 12.612) )	/ 1 )
	=	5.636	/	( ( 0	+	69.56 )	/ 1 )
	=	5.636	/	69.56
	=	8.10 %

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

Ashish Polyplast (BOM:530429) 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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Ashish Polyplast (BOM:530429) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ashish Polyplast Ltd (BOM:530429) » Definitions » ROCE %

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Address

501, Fortune Business Hub, Near Satyomev Elysium, Near Science City, Sola, Ahmedabad, GJ, IND, 380060

Website

http://www.ashishpolyplast.com

Ashish Polyplast Ltd is an India-based company principally engaged in the manufacturing of polymerization of vinyl chloride (PVC) pipes. It manufactures and exports braided hoses and flexible PVC hoses. The company's product portfolio includes Realon Air & Pneumatic Hose - Transparent, Realon Welding Hose - Red & Blue, Realon Water Hose, Realon Car Washing Hose, and Realon Rock Drilling Hose - Transparent.

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