Technopack Polymers (BOM:543656) ROCE % : 16.02% (As of Sep. 2023)

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What is Technopack Polymers 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. Technopack Polymers's annualized ROCE % for the quarter that ended in Sep. 2023 was 16.02%.

Technopack Polymers ROCE % Historical Data

The historical data trend for Technopack Polymers'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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Technopack Polymers ROCE % Chart

Technopack Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

4.76

7.64

63.97

29.24

Technopack Polymers Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	60.62	19.12	16.02

Technopack Polymers ROCE % Calculation

Technopack Polymers'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 )
	=	34.226	/	( ( (92.63 - 35.515)	+	(204.21 - 27.248) )	/ 2 )
	=	34.226	/	( (57.115	+	176.962)	/ 2 )
	=	34.226	/	117.0385
	=	29.24 %

Technopack Polymers's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	32.152	/	( ( (204.21 - 27.248)	+	(254.783 - 30.386) )	/ 2 )
	=	32.152	/	( ( 176.962	+	224.397 )	/ 2 )
	=	32.152	/	200.6795
	=	16.02 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Technopack Polymers (BOM:543656) 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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Technopack Polymers (BOM:543656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Technopack Polymers Ltd (BOM:543656) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rafaleshvar Industrial Estate, Near Rafaleshvar Railway Track, Morbi, Jambudiya District, Rajkot, GJ, IND, 363642

Website

https://www.technopackltd.com

Technopack Polymers Ltd is a manufacturer and supplier of flexible plastic and paper products for FMCG packaging. The Company's main business activity is manufacturing CCM Caps and closures and Pet Preforms.

Technopack Polymers (BOM:543656) Headlines

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