Premier Explosives (BOM:526247) ROCE % : 7.58% (As of Dec. 2023)

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What is Premier Explosives 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. Premier Explosives's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.58%.

Premier Explosives ROCE % Historical Data

The historical data trend for Premier Explosives'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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Premier Explosives ROCE % Chart

Premier Explosives Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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8.62

-4.93

-4.82

6.07

7.36

Premier Explosives 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															5.48	5.92	26.65	31.44	7.58

Premier Explosives ROCE % Calculation

Premier Explosives'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 )
	=	155.371	/	( ( (3217.793 - 1136.37)	+	(3559.972 - 1420.078) )	/ 2 )
	=	155.371	/	( (2081.423	+	2139.894)	/ 2 )
	=	155.371	/	2110.6585
	=	7.36 %

Premier Explosives'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 )
	=	187.912	/	( ( (4403.974 - 1924.671)	+	(0 - 0) )	/ 1 )
	=	187.912	/	( ( 2479.303	+	0 )	/ 1 )
	=	187.912	/	2479.303
	=	7.58 %

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

Premier Explosives (BOM:526247) 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.

Premier Explosives ROCE % Related Terms

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Premier Explosives (BOM:526247) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Premier Explosives Ltd (BOM:526247) » Definitions » ROCE %

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PREMEXPLN:India

Address

Ishaq Colony, Premier House, 11, Near AOC Centre, Secunderabad, TG, IND, 500 015

Website

https://www.pelgel.com

Premier Explosives Ltd is an engaged in the business of high energy materials including commercial explosives and defence explosives which are used in mining and infrastructure sectors and also manufacture of missiles and other defence items. The company also operates and maintains solid propellant plants of defence and space establishments. Its products include bulk explosives, packaged explosives detonators, solid propellants, and pyrogen igniters among others. Geographically, it has operations within India and outside India. The company generates the majority of its sales from India.

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