Narmada Macplast Drip Irrigation Systems (BOM:517431) ROCE % : 7.73% (As of Sep. 2023)

View and export this data going back to 1994. Start your Free Trial

What is Narmada Macplast Drip Irrigation Systems 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. Narmada Macplast Drip Irrigation Systems's annualized ROCE % for the quarter that ended in Sep. 2023 was 7.73%.

Narmada Macplast Drip Irrigation Systems ROCE % Historical Data

The historical data trend for Narmada Macplast Drip Irrigation Systems'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.

* Premium members only.

Narmada Macplast Drip Irrigation Systems ROCE % Chart

Narmada Macplast Drip Irrigation Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

3.44

0.40

0.77

1.03

1.35

Narmada Macplast Drip Irrigation Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-20.38	-9.72	10.48	2.41	7.73

Narmada Macplast Drip Irrigation Systems ROCE % Calculation

Narmada Macplast Drip Irrigation Systems'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 )
	=	0.372	/	( ( (62.145 - 34.74)	+	(33.824 - 6.121) )	/ 2 )
	=	0.372	/	( (27.405	+	27.703)	/ 2 )
	=	0.372	/	27.554
	=	1.35 %

Narmada Macplast Drip Irrigation Systems's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	2.188	/	( ( (0 - 0)	+	(29.961 - 1.663) )	/ 1 )
	=	2.188	/	( ( 0	+	28.298 )	/ 1 )
	=	2.188	/	28.298
	=	7.73 %

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

Narmada Macplast Drip Irrigation Systems (BOM:517431) 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.

Narmada Macplast Drip Irrigation Systems ROCE % Related Terms

Thank you for viewing the detailed overview of Narmada Macplast Drip Irrigation Systems's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Narmada Macplast Drip Irrigation Systems (BOM:517431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Narmada Macplast Drip Irrigation Systems Ltd (BOM:517431) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number 119-120, Santej-Vadsar Road, At and Post Santej, Taluka - Kalol, Gandhi Nagar, GJ, IND, 382721

Website

https://www.narmadadrip.com

Narmada Macplast Drip Irrigation Systems Ltd is engaged in trading of drip irrigation systems. Its products include Spray Nozzles, Spray bodies, Rotors 3500 series among others. It is also engaged in the business of import-export, consultancy of plastic products and raw materials, government Supplies and in liaison work.

Narmada Macplast Drip Irrigation Systems (BOM:517431) Headlines

No Headlines