Permanent Magnets (BOM:504132) ROCE % : 14.27% (As of Mar. 2024)

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What is Permanent Magnets 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. Permanent Magnets's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.27%.

Permanent Magnets ROCE % Historical Data

The historical data trend for Permanent Magnets'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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Permanent Magnets ROCE % Chart

Permanent Magnets Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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44.34

36.94

34.01

23.10

Permanent Magnets Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-	32.79	29.62	17.82	14.27

Permanent Magnets ROCE % Calculation

Permanent Magnets's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	305.5	/	( ( (1512.631 - 356.261)	+	(1912.4 - 424.3) )	/ 2 )
	=	305.5	/	( (1156.37	+	1488.1)	/ 2 )
	=	305.5	/	1322.235
	=	23.10 %

Permanent Magnets's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	212.4	/	( ( (0 - 0)	+	(1912.4 - 424.3) )	/ 1 )
	=	212.4	/	( ( 0	+	1488.1 )	/ 1 )
	=	212.4	/	1488.1
	=	14.27 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Permanent Magnets (BOM:504132) 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.

Permanent Magnets ROCE % Related Terms

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Permanent Magnets (BOM:504132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Permanent Magnets Ltd (BOM:504132) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. B-3, MIDC Industrial Area, Village Mira, Mira Road (East), Thane, MH, IND, 401107

Website

https://www.pmlindia.com

Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast magnets and parts and accessories for electricity meters and its application. The magnets are used in electronics, electricity meters, automobile industries, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. Its product portfolio includes magnetic assemblies, shunts, brass terminals, magnetic separators, electromagnets, alnico magnets, and others. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. The company operates in one single segment which is Engineering and Current Sensing application.

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