Prolife Industries (NSE:PROLIFE) ROCE % : 34.72% (As of Sep. 2023)

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What is Prolife 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. Prolife Industries's annualized ROCE % for the quarter that ended in Sep. 2023 was 34.72%.

Prolife Industries ROCE % Historical Data

The historical data trend for Prolife 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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Prolife Industries ROCE % Chart

Prolife Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.95

29.65

32.87

22.45

28.42

Prolife Industries Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial														27.78	17.08	28.88	27.45	34.72

Prolife Industries ROCE % Calculation

Prolife 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 )
	=	96.609	/	( ( (554.233 - 243.823)	+	(411.571 - 42.073) )	/ 2 )
	=	96.609	/	( (310.41	+	369.498)	/ 2 )
	=	96.609	/	339.954
	=	28.42 %

Prolife Industries'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 )
	=	136.436	/	( ( (411.571 - 42.073)	+	(534.135 - 117.788) )	/ 2 )
	=	136.436	/	( ( 369.498	+	416.347 )	/ 2 )
	=	136.436	/	392.9225
	=	34.72 %

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

Prolife Industries (NSE:PROLIFE) 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.

Prolife Industries ROCE % Related Terms

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Prolife Industries (NSE:PROLIFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Prolife Industries Ltd (NSE:PROLIFE) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 213, GIDC, Panoli Industrial Estate, District Bharuch, Ankleshwar, GJ, IND, 394116

Website

http://www.prolifeindustries.in

Prolife Industries Ltd is engaged in the business of manufacturing of intermediates for dyes, pigments, pharmaceuticals, agrochemicals, and others. Its products include Dihydro Thio Para Toluidine Sulfonic Acid, Amino Methyl Phenoxy Sulfonic Acid and among others.

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