Tijaria Polypipes (NSE:TIJARIA) ROCE % : -6.95% (As of Dec. 2023)

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What is Tijaria Polypipes 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. Tijaria Polypipes's annualized ROCE % for the quarter that ended in Dec. 2023 was -6.95%.

Tijaria Polypipes ROCE % Historical Data

The historical data trend for Tijaria Polypipes'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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Tijaria Polypipes ROCE % Chart

Tijaria Polypipes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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24.55

5.61

-12.95

-25.39

-17.81

Tijaria Polypipes 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															-9.85	-27.16	-8.29	-6.55	-6.95

Tijaria Polypipes ROCE % Calculation

Tijaria Polypipes'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 )
	=	-75.549	/	( ( (677.037 - 241.896)	+	(615.269 - 202.195) )	/ 2 )
	=	-75.549	/	( (435.141	+	413.074)	/ 2 )
	=	-75.549	/	424.1075
	=	-17.81 %

Tijaria Polypipes'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 )
	=	-27.412	/	( ( (601.397 - 203.458)	+	(595.977 - 204.931) )	/ 2 )
	=	-27.412	/	( ( 397.939	+	391.046 )	/ 2 )
	=	-27.412	/	394.4925
	=	-6.95 %

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

Tijaria Polypipes (NSE:TIJARIA) 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.

Tijaria Polypipes ROCE % Related Terms

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Tijaria Polypipes (NSE:TIJARIA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tijaria Polypipes Ltd (NSE:TIJARIA) » Definitions » ROCE %

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533629:India

Address

SP-1-2316, RIICO Industrial Area, Ramchandrapura, Sitapura Extension, Jaipur, RJ, IND, 302022

Website

https://www.tijaria-pipes.com

Tijaria Polypipes Ltd manufactures HDPE Pipes, PLB HDPE Duct, MDPE Pipes, DWC HDPE Pipes, uPVC Pipes, PVC-U Pipes, Mink Blankets, partially oriented yarn, and draw textured yarn, surgical masks, N-95 Mask under the registered brand name of Tijaria and Vikas. The company operates in two segments Pipes and Textiles. The company produces a product range in the field of plastics, HDPE Pipes for Electrical, Water and Sewerage, PVC-U and DWC HDPE Pipes for Sewerage, uPVC Pipes for Water, PLB HDPE Ducts for telecommunications, HDPE Sprinkler Irrigation Systems, MDPE Pipes for Water Supply etc. The majority of its revenue is generated from the pipes segment.

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