Patron Exim (BOM:543798) ROCE % : 0.52% (As of Sep. 2023)

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What is Patron Exim 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. Patron Exim's annualized ROCE % for the quarter that ended in Sep. 2023 was 0.52%.

Patron Exim ROCE % Historical Data

The historical data trend for Patron Exim'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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Patron Exim ROCE % Chart

Patron Exim Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

5.97

9.18

37.35

8.96

Patron Exim Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	32.59	5.80	0.52

Patron Exim ROCE % Calculation

Patron Exim'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 )
	=	19.536	/	( ( (146.457 - 95.011)	+	(384.837 - 0.129) )	/ 2 )
	=	19.536	/	( (51.446	+	384.708)	/ 2 )
	=	19.536	/	218.077
	=	8.96 %

Patron Exim'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 )
	=	2.008	/	( ( (384.837 - 0.129)	+	(413.253 - 27.821) )	/ 2 )
	=	2.008	/	( ( 384.708	+	385.432 )	/ 2 )
	=	2.008	/	385.07
	=	0.52 %

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

Patron Exim (BOM:543798) 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.

Patron Exim ROCE % Related Terms

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Patron Exim (BOM:543798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Patron Exim Ltd (BOM:543798) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

100 FT Road, 411, Safal Perlude, Behind Ashwaraj Bunglows, Prahladnagar, Vejalpur, Ahmedabad, GJ, IND, 380015

Website

https://www.patronexim.com

Patron Exim Ltd is engaged in the trading and distribution of a wide range of pharmaceutical raw material which is also known as APIs (Active Pharmaceutical Ingredients), industrial chemical, excipient, and solvents. The company's product portfolio comprises around 150 AIPs, Excipient, Pharma Chemical and Intermediates. It is also in the trading of a variety of chemicals, such as Petrochemicals, Dyes and Pigment Chemicals, Paints and Speciality Chemical, Agro Chemicals, Oil and Refinery Chemicals, Foam and Adhesive, Plywood and Laminates Chemical.

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