Kanpur Plastipacks (BOM:507779) ROCE % : 13.32% (As of Mar. 2024)

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What is Kanpur Plastipacks 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. Kanpur Plastipacks's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.32%.

Kanpur Plastipacks ROCE % Historical Data

The historical data trend for Kanpur Plastipacks'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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Kanpur Plastipacks ROCE % Chart

Kanpur Plastipacks Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.84

23.79

19.47

5.16

6.28

Kanpur Plastipacks 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															8.55	8.33	9.28	-6.07	13.32

Kanpur Plastipacks ROCE % Calculation

Kanpur Plastipacks'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 )
	=	183.382	/	( ( (4069.037 - 1233.25)	+	(4764.205 - 1763.729) )	/ 2 )
	=	183.382	/	( (2835.787	+	3000.476)	/ 2 )
	=	183.382	/	2918.1315
	=	6.28 %

Kanpur Plastipacks'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 )
	=	399.792	/	( ( (0 - 0)	+	(4764.205 - 1763.729) )	/ 1 )
	=	399.792	/	( ( 0	+	3000.476 )	/ 1 )
	=	399.792	/	3000.476
	=	13.32 %

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

Kanpur Plastipacks (BOM:507779) 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.

Kanpur Plastipacks ROCE % Related Terms

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Kanpur Plastipacks (BOM:507779) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kanpur Plastipacks Ltd (BOM:507779) » Definitions » ROCE %

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KANPRPLA:India

Address

D-19-20, Panki Industrial Area, P.O. Udyog Nagar, Kanpur, UP, IND, 208 022

Website

https://www.kanplas.com

Kanpur Plastipacks Ltd is engaged in the business of manufacturing HDPE/PP Woven Sacks, PP Box Bags, Flexible Intermediate Bulk Containers (FIBC's), Fabrics and High Tenacity PP Multi Filament Yam (MFY). Its primary segments include Plastic Division, Consignment Stockiest, and Solar Power Division. The company generates the majority of its revenue from the Plastic Division segment. The Plastic Division segment is engaged in the domestic and export sale of manufactured and traded plastic products. The Solar power division is engaged in the generation and supply of power. The same is consumed by the company in its manufacturing operations.

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