TCPL Packaging (BOM:523301) ROCE % : 21.37% (As of Dec. 2023)

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What is TCPL Packaging 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. TCPL Packaging's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.37%.

TCPL Packaging ROCE % Historical Data

The historical data trend for TCPL Packaging'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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TCPL Packaging ROCE % Chart

TCPL Packaging Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.52

16.88

16.57

18.05

29.46

TCPL Packaging 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															28.98	25.35	25.88	24.66	21.37

TCPL Packaging ROCE % Calculation

TCPL Packaging'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 )
	=	1949.077	/	( ( (10717.017 - 4545.467)	+	(12183.561 - 5123.986) )	/ 2 )
	=	1949.077	/	( (6171.55	+	7059.575)	/ 2 )
	=	1949.077	/	6615.5625
	=	29.46 %

TCPL Packaging'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 )
	=	1722.436	/	( ( (13368.547 - 5308.263)	+	(0 - 0) )	/ 1 )
	=	1722.436	/	( ( 8060.284	+	0 )	/ 1 )
	=	1722.436	/	8060.284
	=	21.37 %

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

TCPL Packaging (BOM:523301) 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.

TCPL Packaging ROCE % Related Terms

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TCPL Packaging (BOM:523301) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TCPL Packaging Ltd (BOM:523301) » Definitions » ROCE %

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TCPLPACK:India

Address

414, Senapati Bapat Marg, Empire Mills Complex, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.tcpl.in

TCPL Packaging Ltd is engaged in the Printing and Packaging business. The company manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. Geographically, it derives a majority of its revenue from India. It serves FMCG, Food and Beverage, Liquor, Pharmaceuticals, and Other industries. It has one segment of business, which is Printing and Packaging.

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