Global Pet Industries (NSE:GLOBALPET) ROCE % : 23.03% (As of Mar. 2022)

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What is Global Pet Industries 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. Global Pet Industries's annualized ROCE % for the quarter that ended in Mar. 2022 was 23.03%.

Global Pet Industries ROCE % Historical Data

The historical data trend for Global Pet Industries'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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Global Pet Industries ROCE % Chart

Global Pet Industries Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

26.68

37.34

23.03

Global Pet Industries Semi-Annual Data
	Mar20	Mar21	Mar22
ROCE %	26.68	37.34	23.03

Global Pet Industries ROCE % Calculation

Global Pet Industries's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	15.411	/	( ( (159.278 - 98.414)	+	(167.912 - 94.931) )	/ 2 )
	=	15.411	/	( (60.864	+	72.981)	/ 2 )
	=	15.411	/	66.9225
	=	23.03 %

Global Pet Industries's ROCE % of for the quarter that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2022 )		(Q: Mar. 2021 )		(Q: Mar. 2022 )
	=	15.411	/	( ( (159.278 - 98.414)	+	(167.912 - 94.931) )	/ 2 )
	=	15.411	/	( ( 60.864	+	72.981 )	/ 2 )
	=	15.411	/	66.9225
	=	23.03 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2022) EBIT data.

Global Pet Industries (NSE:GLOBALPET) 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.

Global Pet Industries ROCE % Related Terms

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Global Pet Industries (NSE:GLOBALPET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Pet Industries Ltd (NSE:GLOBALPET) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit Nos. 8 to 15, 108 & 109, Karishma Industrial Estate, Survey No. 36, Hissa No. 5, Village Waliv, Dhumal Nagar, Near Rashmi Bungalow, Vasai East, Palghar, Vasai, MH, IND, 401208

Website

https://www.globalpetind.com

Global Pet Industries Ltd is engaged in manufacturing of PET Stretch Blow Moulding Machine which is used for manufacturing of machine which is suitable in the business segment of Pet stretch below moulding solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, carbonated soft drinks bottles, hot fill juice bottles, edible oil bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc. Apart from manufacturing of PET Stretch Blow Moulding Machine, the company also provides after-sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery.

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