Punjab Chemicals & Crop Protection (BOM:506618) ROCE % : 7.64% (As of Mar. 2024)

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What is Punjab Chemicals & Crop Protection 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. Punjab Chemicals & Crop Protection's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.64%.

Punjab Chemicals & Crop Protection ROCE % Historical Data

The historical data trend for Punjab Chemicals & Crop Protection'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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Punjab Chemicals & Crop Protection ROCE % Chart

Punjab Chemicals & Crop Protection Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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24.82

38.62

44.58

31.50

24.26

Punjab Chemicals & Crop Protection 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															18.44	35.50	31.03	21.58	7.64

Punjab Chemicals & Crop Protection ROCE % Calculation

Punjab Chemicals & Crop Protection'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 )
	=	939.2	/	( ( (6160 - 2448.6)	+	(6397.9 - 2366.8) )	/ 2 )
	=	939.2	/	( (3711.4	+	4031.1)	/ 2 )
	=	939.2	/	3871.25
	=	24.26 %

Punjab Chemicals & Crop Protection'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 )
	=	308	/	( ( (0 - 0)	+	(6397.9 - 2366.8) )	/ 1 )
	=	308	/	( ( 0	+	4031.1 )	/ 1 )
	=	308	/	4031.1
	=	7.64 %

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

Punjab Chemicals & Crop Protection (BOM:506618) 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.

Punjab Chemicals & Crop Protection ROCE % Related Terms

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Punjab Chemicals & Crop Protection (BOM:506618) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Punjab Chemicals & Crop Protection Ltd (BOM:506618) » Definitions » ROCE %

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PUNJABCHEM:India

Address

New Link Road, Plot Number 645-646, Oberoi Chambers II, 5th Floor, Andheri (West), Mumbai, MH, IND, 400 053

Website

https://www.punjabchemicals.com

Punjab Chemicals & Crop Protection Ltd is involved in the chemical business. It provides technical and bulk agrochemicals, such as herbicides, insecticides, and fungicides; and pharmaceutical products, including APIs, intermediates, anti-oxidants, and fine chemicals, as well as intermediates for APIs; and industrial chemicals comprising phosphorus derivatives, oxalates, and intermediates. Geographically, the group has a business presence in India, Europe, Japan, and other countries, of which key revenue is derived from India. The firm operates in a single segment namely Performance Chemicals.

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