Poojawestern Metaliks (BOM:540727) ROCE % : 0.00% (As of Dec. 2023)

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What is Poojawestern Metaliks 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. Poojawestern Metaliks's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.00%.

Poojawestern Metaliks ROCE % Historical Data

The historical data trend for Poojawestern Metaliks'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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Poojawestern Metaliks ROCE % Chart

Poojawestern Metaliks Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.82

15.39

7.33

12.30

16.58

Poojawestern Metaliks Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															14.90	14.17	24.38	22.34	-

Poojawestern Metaliks ROCE % Calculation

Poojawestern Metaliks'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 )
	=	25.068	/	( ( (251.772 - 102.976)	+	(291.556 - 137.875) )	/ 2 )
	=	25.068	/	( (148.796	+	153.681)	/ 2 )
	=	25.068	/	151.2385
	=	16.58 %

Poojawestern Metaliks'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 )
	=	35.292	/	( ( (0 - 0)	+	(0 - 0) )	/ 1 )
	=	35.292	/	( ( 0	+	0 )	/ 1 )
	=	35.292	/	0
	=	0 %

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

Poojawestern Metaliks (BOM:540727) 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.

Poojawestern Metaliks ROCE % Related Terms

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Poojawestern Metaliks (BOM:540727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Poojawestern Metaliks Ltd (BOM:540727) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 1, G.I.D.C., Industrial Area, Phase II, Near Dared Village, Jamnagar, GJ, IND, 361 004

Website

https://www.poojametal.com

Poojawestern Metaliks Ltd is engaged in manufacturing, importing and exporting of non-ferrous metal scrap, brass plumbing fittings, brass ingots, and brass sanitary fittings. Its product categories include Products Brass and Copper Alloys; Pipe Fittings; Brass Inserts For Mouldings; Brass Fittings and CNC VMC Machine Turned Parts. The company brands include P-Alloy; P-Fitt; P-Fix; P-Max; and P-Perfekt.

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