Panyam Cements & Mineral Industries (BOM:500322) ROCE % : -23.62% (As of Dec. 2023)

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What is Panyam Cements & Mineral Industries 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. Panyam Cements & Mineral Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was -23.62%.

Panyam Cements & Mineral Industries ROCE % Historical Data

The historical data trend for Panyam Cements & Mineral Industries'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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Panyam Cements & Mineral Industries ROCE % Chart

Panyam Cements & Mineral Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-65.44

Panyam Cements & Mineral Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-195.46	-220.08	-	-210.23	-23.62

Panyam Cements & Mineral Industries ROCE % Calculation

Panyam Cements & Mineral Industries'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 )
	=	-598.161	/	( ( (798.788 - 1419.324)	+	(1504.97 - 2644.19) )	/ 2 )
	=	-598.161	/	( (-620.536	+	-1139.22)	/ 2 )
	=	-598.161	/	-879.878
	=	67.98 %

Panyam Cements & Mineral Industries'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 )
	=	-321.568	/	( ( (1935.964 - 574.758)	+	(0 - 0) )	/ 1 )
	=	-321.568	/	( ( 1361.206	+	0 )	/ 1 )
	=	-321.568	/	1361.206
	=	-23.62 %

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

Panyam Cements & Mineral Industries (BOM:500322) 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.

Panyam Cements & Mineral Industries ROCE % Related Terms

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Panyam Cements & Mineral Industries (BOM:500322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Panyam Cements & Mineral Industries Ltd (BOM:500322) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

H.No. 1-65, 1st Floor, Plot No.539, Guttala Begumpet Village, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.panyamcements.in

Panyam Cements & Mineral Industries Ltd is an India-based manufacturer and supplier of cement products. Its product mix includes ordinary portland cement, portland pozzolana cement and portland slag cement sold under the brand names of PANYAM 53 Grade Cement, 43 Grade Cement, PPC Cement, and PSC Cement. Panyam Cements is used in a large scale for the construction of multi-storied buildings, concrete roads and many housing colonies and townships.

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