Parshva Enterprises (BOM:542694) ROCE % : 3.24% (As of Mar. 2024)

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What is Parshva Enterprises 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. Parshva Enterprises's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.24%.

Parshva Enterprises ROCE % Historical Data

The historical data trend for Parshva Enterprises'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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Parshva Enterprises ROCE % Chart

Parshva Enterprises Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.15

3.56

3.99

3.83

3.81

Parshva Enterprises Quarterly Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												4.36	3.62	4.20	4.58	3.24

Parshva Enterprises ROCE % Calculation

Parshva Enterprises'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 )
	=	4.675	/	( ( (116.054 - 11.091)	+	(167.084 - 26.932) )	/ 2 )
	=	4.675	/	( (104.963	+	140.152)	/ 2 )
	=	4.675	/	122.5575
	=	3.81 %

Parshva Enterprises'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 )
	=	4.544	/	( ( (0 - 0)	+	(167.084 - 26.932) )	/ 1 )
	=	4.544	/	( ( 0	+	140.152 )	/ 1 )
	=	4.544	/	140.152
	=	3.24 %

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

Parshva Enterprises (BOM:542694) 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.

Parshva Enterprises ROCE % Related Terms

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Parshva Enterprises (BOM:542694) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Parshva Enterprises Ltd (BOM:542694) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ramchandra Lane Extension, A-Wing, 811, Jaswanti Allied Business Centre, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.parshvaenterprises.co.in

Parshva Enterprises Ltd deals in a variety of diamonds which include both rough and polished diamonds. It is also engaged in gold jewellery business. It sells gold jewellery such as Bangles, Necklace, Bracelet, Earrings, Pendant, and other related products. Further, it is also engaged in investment in real estate properties in Mumbai for the purpose of selling them for trading gains.

Parshva Enterprises (BOM:542694) Headlines

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