Polylink Polymers (India) (BOM:531454) ROCE % : 10.02% (As of Dec. 2023)

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What is Polylink Polymers (India) 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. Polylink Polymers (India)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 10.02%.

Polylink Polymers (India) ROCE % Historical Data

The historical data trend for Polylink Polymers (India)'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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Polylink Polymers (India) ROCE % Chart

Polylink Polymers (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.85

7.30

6.26

5.89

3.86

Polylink Polymers (India) 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															0.21	8.46	6.03	3.58	10.02

Polylink Polymers (India) ROCE % Calculation

Polylink Polymers (India)'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 )
	=	10.28	/	( ( (310.67 - 47.161)	+	(300.899 - 31.813) )	/ 2 )
	=	10.28	/	( (263.509	+	269.086)	/ 2 )
	=	10.28	/	266.2975
	=	3.86 %

Polylink Polymers (India)'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 )
	=	27.62	/	( ( (320.191 - 44.534)	+	(0 - 0) )	/ 1 )
	=	27.62	/	( ( 275.657	+	0 )	/ 1 )
	=	27.62	/	275.657
	=	10.02 %

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

Polylink Polymers (India) (BOM:531454) 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.

Polylink Polymers (India) ROCE % Related Terms

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Polylink Polymers (India) (BOM:531454) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Polylink Polymers (India) Ltd (BOM:531454) » Definitions » ROCE %

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Address

506, Saffron Building, Near Center Point, Ambawadi, Ahmedabad, GJ, IND, 380006

Website

https://www.polylinkpolymers.com

Polylink Polymers (India) Ltd is engaged in the manufacture of polymer compounds. The company is predominantly engaged in only one segment being Polymeric Compounds business. It offers a range of products including Filled PP Compound for Plastic Chair and Engineering Applications, Black Masterbatches, Colour Masterbatches, Wire and Cable Compounds, Compounds for Cable Jointing Accessories, Additive Masterbatches, and Filler for Woven and Non-Woven. The company's wire and cable compounds are used in power and telecommunication cables; special compounds for cable accessories; addictive masterbatches; and cross-linked PE compounds for use in pipes. Geographically, it derives a majority of its revenue from India.

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