Rex Pipes and Cables Industries (NSE:REXPIPES) ROCE % : 31.52% (As of Sep. 2023)

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What is Rex Pipes and Cables 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. Rex Pipes and Cables Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was 31.52%.

Rex Pipes and Cables Industries ROCE % Historical Data

The historical data trend for Rex Pipes and Cables 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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Rex Pipes and Cables Industries ROCE % Chart

Rex Pipes and Cables Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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21.52

20.17

22.33

20.11

27.90

Rex Pipes and Cables Industries Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				21.27	17.00	28.67	26.89	31.52

Rex Pipes and Cables Industries ROCE % Calculation

Rex Pipes and Cables Industries'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 )
	=	70.875	/	( ( (515.8 - 270.526)	+	(578.52 - 315.759) )	/ 2 )
	=	70.875	/	( (245.274	+	262.761)	/ 2 )
	=	70.875	/	254.0175
	=	27.90 %

Rex Pipes and Cables Industries'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 )
	=	94.054	/	( ( (578.52 - 315.759)	+	(735.951 - 401.875) )	/ 2 )
	=	94.054	/	( ( 262.761	+	334.076 )	/ 2 )
	=	94.054	/	298.4185
	=	31.52 %

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

Rex Pipes and Cables Industries (NSE:REXPIPES) 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.

Rex Pipes and Cables Industries ROCE % Related Terms

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Rex Pipes and Cables Industries (NSE:REXPIPES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rex Pipes and Cables Industries Ltd (NSE:REXPIPES) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-69A, RIICO Industrial Area, Sikar, RJ, IND, 332 001

Website

https://www.rpcil.com

Rex Pipes and Cables Industries Ltd is engaged in the trading and manufacturing of PVC pipes, HDPE pipes, cables, and fittings under the Rex brand name. It offers a wide range of products including three-core flat cables, PVC & HDPE pipes, single-core flexible home wire, HDPE and sprinklers, and cables that are used by different industries such as agriculture, power, construction, and engineering.

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