Axel Polymers (BOM:513642) ROCE % : 24.72% (As of Dec. 2023)

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What is Axel 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. Axel Polymers's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.72%.

Axel Polymers ROCE % Historical Data

The historical data trend for Axel 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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Axel Polymers ROCE % Chart

Axel Polymers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.36

13.86

31.79

23.34

23.90

Axel Polymers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															25.30	28.56	27.96	23.19	24.72

Axel Polymers ROCE % Calculation

Axel 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 )
	=	45.194	/	( ( (553.612 - 378.214)	+	(556.173 - 353.362) )	/ 2 )
	=	45.194	/	( (175.398	+	202.811)	/ 2 )
	=	45.194	/	189.1045
	=	23.90 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	54.48	/	( ( (620.739 - 400.313)	+	(0 - 0) )	/ 1 )
	=	54.48	/	( ( 220.426	+	0 )	/ 1 )
	=	54.48	/	220.426
	=	24.72 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Axel Polymers (BOM:513642) 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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Axel Polymers (BOM:513642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axel Polymers Ltd (BOM:513642) » Definitions » ROCE %

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Address

Off Western Express Highway, B-312, Western Edge II, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.axelindia.com

Axel Polymers Ltd engages in the manufacture of compounds, blends, alloys of engineering polymers, specialty and commodity polymers. Geographically all business activities function in India. It is the manufacturer of Engineering Thermoplastic Compounds in India, catering to Multinationals and Domestic Corporates.

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