Pavna Industries (NSE:PAVNAIND) ROCE % : 20.41% (As of Dec. 2023)

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What is Pavna 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. Pavna Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.41%.

Pavna Industries ROCE % Historical Data

The historical data trend for Pavna 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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Pavna Industries ROCE % Chart

Pavna Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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42.36

29.96

22.26

21.15

18.72

Pavna Industries Quarterly Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial								-	32.59	25.30	24.62	20.41

Pavna Industries ROCE % Calculation

Pavna 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 )
	=	225.338	/	( ( (2410.99 - 1257.366)	+	(2787.335 - 1532.876) )	/ 2 )
	=	225.338	/	( (1153.624	+	1254.459)	/ 2 )
	=	225.338	/	1204.0415
	=	18.72 %

Pavna Industries'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 )
	=	217.468	/	( ( (2423.92 - 1358.335)	+	(0 - 0) )	/ 1 )
	=	217.468	/	( ( 1065.585	+	0 )	/ 1 )
	=	217.468	/	1065.585
	=	20.41 %

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

Pavna Industries (NSE:PAVNAIND) 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.

Pavna Industries ROCE % Related Terms

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Pavna Industries (NSE:PAVNAIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pavna Industries Ltd (NSE:PAVNAIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

543915:India

Address

Vimlanchal, Hari Nagar, Gopalpuri, Aligarh, UP, IND, 202001

Website

https://www.pavnagroup.com

Pavna Industries Ltd is engaged in the business of manufacturing automotive parts, providing solutions for automobile applications, and serving automobile and other applications. The company products include fuel tank caps, fuel cocks & Pumps, Casting & engine components, switches handles, etc.

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