Pondy Oxides And Chemicals (BOM:532626) ROCE % : 28.75% (As of Dec. 2023)

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What is Pondy Oxides And Chemicals 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. Pondy Oxides And Chemicals's annualized ROCE % for the quarter that ended in Dec. 2023 was 28.75%.

Pondy Oxides And Chemicals ROCE % Historical Data

The historical data trend for Pondy Oxides And Chemicals'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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Pondy Oxides And Chemicals ROCE % Chart

Pondy Oxides And Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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52.18

21.30

10.77

36.47

39.98

Pondy Oxides And Chemicals 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															27.81	71.26	14.36	19.22	28.75

Pondy Oxides And Chemicals ROCE % Calculation

Pondy Oxides And Chemicals'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 )
	=	992.857	/	( ( (3300.946 - 1125.364)	+	(4730.611 - 1938.963) )	/ 2 )
	=	992.857	/	( (2175.582	+	2791.648)	/ 2 )
	=	992.857	/	2483.615
	=	39.98 %

Pondy Oxides And Chemicals'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 )
	=	809.412	/	( ( (4984.243 - 2168.912)	+	(0 - 0) )	/ 1 )
	=	809.412	/	( ( 2815.331	+	0 )	/ 1 )
	=	809.412	/	2815.331
	=	28.75 %

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

Pondy Oxides And Chemicals (BOM:532626) 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.

Pondy Oxides And Chemicals ROCE % Related Terms

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Pondy Oxides And Chemicals (BOM:532626) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pondy Oxides And Chemicals Ltd (BOM:532626) » Definitions » ROCE %

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Address

No. 2, Harrington Road, KRM Centre, 4th Floor, Chetpet, Chennai, TN, IND, 600031

Website

https://www.pocl.co.in

Pondy Oxides And Chemicals Ltd is a lead smelter in India. It is engaged in the production of lead, lead alloys, and PVC additives. The company mainly serves battery manufacturers, chemical manufacturers, and PVC extruded manufacturers. Its products comprise lead alloys, Master alloys, Tin alloys, and Babbit alloys. The firm also exports its products to numerous international customers mainly but not limited to the Asian region like South Korea, Japan, Indonesia, and the Middle East. The company also manufactures Zinc metal and Zinc Oxide.

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