Pyramid Technoplast (BOM:543969) ROCE % : 25.88% (As of Sep. 2023)

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What is Pyramid Technoplast 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. Pyramid Technoplast's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.88%.

Pyramid Technoplast ROCE % Historical Data

The historical data trend for Pyramid Technoplast'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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Pyramid Technoplast ROCE % Chart

Pyramid Technoplast Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

24.35

40.68

46.41

41.09

Pyramid Technoplast Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	48.49	37.33	25.88

Pyramid Technoplast ROCE % Calculation

Pyramid Technoplast'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 )
	=	461.283	/	( ( (1837.561 - 907.693)	+	(2257.814 - 942.668) )	/ 2 )
	=	461.283	/	( (929.868	+	1315.146)	/ 2 )
	=	461.283	/	1122.507
	=	41.09 %

Pyramid Technoplast'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 )
	=	451.562	/	( ( (2257.814 - 942.668)	+	(2850.713 - 675.857) )	/ 2 )
	=	451.562	/	( ( 1315.146	+	2174.856 )	/ 2 )
	=	451.562	/	1745.001
	=	25.88 %

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

Pyramid Technoplast (BOM:543969) 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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Pyramid Technoplast (BOM:543969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pyramid Technoplast Ltd (BOM:543969) » Definitions » ROCE %

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PYRAMID:India

Address

Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067

Website

https://www.pyramidtechnoplast.com

Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.

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