Pasari Spinning Mills (BOM:521080) ROCE % : 19.63% (As of Dec. 2023)

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What is Pasari Spinning Mills 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. Pasari Spinning Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 19.63%.

Pasari Spinning Mills ROCE % Historical Data

The historical data trend for Pasari Spinning Mills'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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Pasari Spinning Mills ROCE % Chart

Pasari Spinning Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.43

7.82

9.86

18.80

-11.13

Pasari Spinning Mills 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															18.55	-96.81	25.28	18.40	19.63

Pasari Spinning Mills ROCE % Calculation

Pasari Spinning Mills'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 )
	=	-2.451	/	( ( (27.437 - 4.833)	+	(26.408 - 4.984) )	/ 2 )
	=	-2.451	/	( (22.604	+	21.424)	/ 2 )
	=	-2.451	/	22.014
	=	-11.13 %

Pasari Spinning Mills'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 )
	=	4.488	/	( ( (26.522 - 3.657)	+	(0 - 0) )	/ 1 )
	=	4.488	/	( ( 22.865	+	0 )	/ 1 )
	=	4.488	/	22.865
	=	19.63 %

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

Pasari Spinning Mills (BOM:521080) 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.

Pasari Spinning Mills ROCE % Related Terms

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Pasari Spinning Mills (BOM:521080) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pasari Spinning Mills Ltd (BOM:521080) » Definitions » ROCE %

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Address

Anjaneya Temple Street, No. 18 (Old No. 16), 3rd Floor, Yediyur, Jayanagar, 6th Block, Bangalore, KA, IND, 560082

Website

https://www.pasariexports.com

Pasari Spinning Mills Ltd has discontinued its operations. Previously, it was engaged in the manufacturing of cotton yarns. The company is involved in the business of textile, spinning, weaving, dying and printing factories, conventional or modern using cotton, silk, wool, and polyester fiber. It offers a range of home furnishing products such as curtains, bed linen, cushion covers, tassels, table linen, and furnishing fabrics. In addition, it also provides fashion and apparel products such as shawls and scarfs and fabrics for men, women, and kidswear. The company has discontinued its operations.

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