Polytex India (BOM:512481) ROCE % : -3.87% (As of Jun. 2024)

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What is Polytex 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. Polytex India's annualized ROCE % for the quarter that ended in Jun. 2024 was -3.87%.

Polytex India ROCE % Historical Data

The historical data trend for Polytex 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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Polytex India ROCE % Chart

Polytex India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.40

3.08

0.40

-5.24

-5.95

Polytex India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-4.41	-6.53	-	-6.38	-3.87

Polytex India ROCE % Calculation

Polytex India'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 )
	=	-1.594	/	( ( (29.52 - 1.943)	+	(29.228 - 3.201) )	/ 2 )
	=	-1.594	/	( (27.577	+	26.027)	/ 2 )
	=	-1.594	/	26.802
	=	-5.95 %

Polytex India's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1.008	/	( ( (29.228 - 3.201)	+	(0 - 0) )	/ 1 )
	=	-1.008	/	( ( 26.027	+	0 )	/ 1 )
	=	-1.008	/	26.027
	=	-3.87 %

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

Polytex India (BOM:512481) 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.

Polytex India ROCE % Related Terms

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Polytex India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Polytex India Ltd (BOM:512481) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Besant Road, 401, 4th Floor, Nisarg Apartment, Vile Parle (West), Mumbai, MH, IND, 400056

Website

https://www.polytexindia.com

Polytex India Ltd operates as a non-banking financial company (NBFC) in India. The company is engaged in investments and trading in shares and securities as well as provides short-term loans and advances. Geographically, it operates only in India. It generates revenue from Interest income and lending finance.

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