Tainwala Chemical and Plastic (I) (BOM:507785) ROCE % : -1.41% (As of Mar. 2024)

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What is Tainwala Chemical and Plastic (I) 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. Tainwala Chemical and Plastic (I)'s annualized ROCE % for the quarter that ended in Mar. 2024 was -1.41%.

Tainwala Chemical and Plastic (I) ROCE % Historical Data

The historical data trend for Tainwala Chemical and Plastic (I)'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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Tainwala Chemical and Plastic (I) ROCE % Chart

Tainwala Chemical and Plastic (I) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.36

-0.31

0.76

4.10

5.00

Tainwala Chemical and Plastic (I) 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															-9.99	1.10	18.74	1.31	-1.41

Tainwala Chemical and Plastic (I) ROCE % Calculation

Tainwala Chemical and Plastic (I)'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 )
	=	55.509	/	( ( (994.446 - 2.843)	+	(1231.969 - 2.549) )	/ 2 )
	=	55.509	/	( (991.603	+	1229.42)	/ 2 )
	=	55.509	/	1110.5115
	=	5.00 %

Tainwala Chemical and Plastic (I)'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 )
	=	-17.328	/	( ( (0 - 0)	+	(1231.969 - 2.549) )	/ 1 )
	=	-17.328	/	( ( 0	+	1229.42 )	/ 1 )
	=	-17.328	/	1229.42
	=	-1.41 %

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

Tainwala Chemical and Plastic (I) (BOM:507785) 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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Tainwala Chemical and Plastic (I) (BOM:507785) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tainwala Chemical and Plastic (I) Ltd (BOM:507785) » Definitions » ROCE %

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TAINWALCHM:India

Address

Road No. 18, M.I.D.C., Marol, Tainwala House, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.tainwala.in

Tainwala Chemical and Plastic (I) Ltd is engaged in the business of manufacturing extruded plastic sheets of various polymers like polyvinyl chloride (PVC), polypropylene (PP), PP glass laminated (PPGL), high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). Its other product includes Tainclear-PVC Rigid Sheets, Tainflex-PVC Flexible (Plasticized) Sheets, and Tainpack-PVC Foils. The company operates through two segments: Plastic Sheets and Securities trading and all its businesses are operating only in India. The firm generates its majority revenue from the Plastic Sheets segment.

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