Porwal Auto Components (BOM:532933) ROCE % : 11.94% (As of Mar. 2024)

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What is Porwal Auto Components 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. Porwal Auto Components's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.94%.

Porwal Auto Components ROCE % Historical Data

The historical data trend for Porwal Auto Components'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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Porwal Auto Components ROCE % Chart

Porwal Auto Components Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.29

2.98

-3.17

2.87

11.46

Porwal Auto Components Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.11	12.26	8.28	13.14	11.94

Porwal Auto Components ROCE % Calculation

Porwal Auto Components's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	69.91	/	( ( (759.104 - 167.37)	+	(841.451 - 212.717) )	/ 2 )
	=	69.91	/	( (591.734	+	628.734)	/ 2 )
	=	69.91	/	610.234
	=	11.46 %

Porwal Auto Components's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	74.64	/	( ( (803.464 - 182.312)	+	(841.451 - 212.717) )	/ 2 )
	=	74.64	/	( ( 621.152	+	628.734 )	/ 2 )
	=	74.64	/	624.943
	=	11.94 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Porwal Auto Components (BOM:532933) 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.

Porwal Auto Components ROCE % Related Terms

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Porwal Auto Components (BOM:532933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Porwal Auto Components Ltd (BOM:532933) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot number 209 & 215, Sector Number 1, Industrial Area, District Dhar, Pithampur, MP, IND, 454775

Website

https://www.porwalauto.com

Porwal Auto Components Ltd is a manufacturer of automobile components based in India. The company is involved in manufacture of ductile iron, grey cast iron steel, steel alloy casting components and subassemblies. It serves to the sectors like automobile, engineering, pumps and valves, agriculture and tractor equipment, construction equipment, machine tools, railways, and others. The products of the company include components for automobile, railway, heavy castings, and earth moving. The operating segment of the company is automobile components manufacturing.

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