Polymechplast Machines (BOM:526043) ROCE % : 5.11% (As of Dec. 2023)

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What is Polymechplast Machines 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. Polymechplast Machines's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.11%.

Polymechplast Machines ROCE % Historical Data

The historical data trend for Polymechplast Machines'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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Polymechplast Machines ROCE % Chart

Polymechplast Machines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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27.73

19.18

25.05

24.87

9.93

Polymechplast Machines 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															3.90	3.84	-9.73	16.59	5.11

Polymechplast Machines ROCE % Calculation

Polymechplast Machines'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 )
	=	24.759	/	( ( (451.044 - 206.706)	+	(432.279 - 177.776) )	/ 2 )
	=	24.759	/	( (244.338	+	254.503)	/ 2 )
	=	24.759	/	249.4205
	=	9.93 %

Polymechplast Machines'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 )
	=	12.788	/	( ( (443.276 - 193.134)	+	(0 - 0) )	/ 1 )
	=	12.788	/	( ( 250.142	+	0 )	/ 1 )
	=	12.788	/	250.142
	=	5.11 %

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

Polymechplast Machines (BOM:526043) 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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Polymechplast Machines (BOM:526043) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polymechplast Machines Ltd (BOM:526043) » Definitions » ROCE %

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Address

Gold Coin House, 775, GIDC-Makarpura Industrial Estate, Vadodara, GJ, IND, 390 010

Website

https://www.polymechplast.com

Polymechplast Machines Ltd is engaged in the manufacturing of plastic processing machinery. Geographically, it derives a majority of its revenue from India. Its product portfolio includes single-color thermoplastic injection molding, thin wall molding series, extrusion blow molding, injection blow, insert molding, and others.

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