National Plastic Technologies (BOM:531287) ROCE % : 0.00% (As of Dec. 2023)

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What is National Plastic Technologies 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. National Plastic Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

National Plastic Technologies ROCE % Historical Data

The historical data trend for National Plastic Technologies'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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National Plastic Technologies ROCE % Chart

National Plastic Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.16

16.91

11.15

16.53

22.20

National Plastic Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															22.20	24.64	25.25	25.07	-

National Plastic Technologies ROCE % Calculation

National Plastic Technologies'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 )
	=	138.479	/	( ( (1159.171 - 582.063)	+	(1363.38 - 692.999) )	/ 2 )
	=	138.479	/	( (577.108	+	670.381)	/ 2 )
	=	138.479	/	623.7445
	=	22.20 %

National Plastic Technologies'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	165.792	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	165.792	/	( ( 0	+	0 )	/ 1 )
	=	165.792	/	0
	=	0 %

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

National Plastic Technologies (BOM:531287) 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.

National Plastic Technologies ROCE % Related Terms

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National Plastic Technologies (BOM:531287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » National Plastic Technologies Ltd (BOM:531287) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

69, (Old No.44), Pantheon Road, Thiru Complex, II Floor, Egmore, Chennai, TN, IND, 600008

Website

https://www.nationalplasticsgroup.com

National Plastic Technologies Ltd is a manufacturer of plastic molded components. The company operates through single segments namely Injection molded plastic products. The company has four production plant situated in the state of Tamil Nadu (Guindy, Irrungattukottai (SIPCOT)), Himachal Pradesh (Sirmour) and in the Union Territory of Puducherry. The company caters to various industries including automotive, consumer electronics, Packaging, and information technology peripherals sectors.

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