Piccadily Agro Industries (BOM:530305) ROCE % : 58.45% (As of Mar. 2024)

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What is Piccadily Agro Industries 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. Piccadily Agro Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 58.45%.

Piccadily Agro Industries ROCE % Historical Data

The historical data trend for Piccadily Agro Industries'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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Piccadily Agro Industries ROCE % Chart

Piccadily Agro Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.23

18.32

22.55

16.51

43.81

Piccadily Agro Industries 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															14.58	24.41	24.05	72.23	58.45

Piccadily Agro Industries ROCE % Calculation

Piccadily Agro Industries'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 )
	=	1620.949	/	( ( (5925.602 - 2860.173)	+	(7390.709 - 3056.537) )	/ 2 )
	=	1620.949	/	( (3065.429	+	4334.172)	/ 2 )
	=	1620.949	/	3699.8005
	=	43.81 %

Piccadily Agro Industries'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 )
	=	2533.452	/	( ( (0 - 0)	+	(7390.709 - 3056.537) )	/ 1 )
	=	2533.452	/	( ( 0	+	4334.172 )	/ 1 )
	=	2533.452	/	4334.172
	=	58.45 %

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

Piccadily Agro Industries (BOM:530305) 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.

Piccadily Agro Industries ROCE % Related Terms

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Piccadily Agro Industries (BOM:530305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Piccadily Agro Industries Ltd (BOM:530305) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kothi No. 304, Sector 9-D, 3rd Floor, Chandigarh, PB, IND, 160009

Website

https://www.picagro.com

Piccadily Agro Industries Ltd is an Indian company engaged in the manufacturing of white crystal sugar. It manufactures sugar from sugar cane cultivated in the surrounding rural areas and Sugar, Molasses, Power and Bagasse. The firm is also involved in the manufacture of Rectified spirit, Extra neutral alcohol from molasses, rice, wheat and malt and is also converting resin into pet bottles, used for liquor in the Distillery segment. It operates in the Sugar and Distillery business divisions. The company generates the majority of its revenue from Distillery segment.

Piccadily Agro Industries (BOM:530305) Headlines

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