Prima Plastics (BOM:530589) ROCE % : 23.59% (As of Mar. 2024)

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What is Prima Plastics 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. Prima Plastics's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.59%.

Prima Plastics ROCE % Historical Data

The historical data trend for Prima Plastics'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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Prima Plastics ROCE % Chart

Prima Plastics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.72

17.45

9.92

16.65

19.44

Prima Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.31	23.65	18.11	23.08	23.59

Prima Plastics ROCE % Calculation

Prima Plastics'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 )
	=	321.119	/	( ( (2083.897 - 513.156)	+	(2141.379 - 407.727) )	/ 2 )
	=	321.119	/	( (1570.741	+	1733.652)	/ 2 )
	=	321.119	/	1652.1965
	=	19.44 %

Prima Plastics'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 )
	=	409.052	/	( ( (0 - 0)	+	(2141.379 - 407.727) )	/ 1 )
	=	409.052	/	( ( 0	+	1733.652 )	/ 1 )
	=	409.052	/	1733.652
	=	23.59 %

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

Prima Plastics (BOM:530589) 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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Prima Plastics (BOM:530589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Prima Plastics Ltd (BOM:530589) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Saki-Vihar Road, No. 41, National House, Opposite Ansa A Building, Powai, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.primaplastics.com

Prima Plastics Ltd is an India-based company that which designs and manufactures plastic molded furniture from chairs, baby chairs, dining tables, stools, and teapoys in various colors. The company's products are used by the hotel, restaurant, household, swimming, and garden industry. Their products are exported to America, the Middle East, and Africa. Domestic sales generate the majority of the revenue for the company.

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