Prima Industries (BOM:531246) ROCE % : 14.86% (As of Mar. 2024)

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What is Prima 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. Prima Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.86%.

Prima Industries ROCE % Historical Data

The historical data trend for Prima 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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Prima Industries ROCE % Chart

Prima Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.05

20.61

9.17

1.63

5.34

Prima Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.60	7.46	8.84	-8.20	14.86

Prima Industries ROCE % Calculation

Prima 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 )
	=	12.67	/	( ( (253.846 - 12.57)	+	(246.54 - 13.12) )	/ 2 )
	=	12.67	/	( (241.276	+	233.42)	/ 2 )
	=	12.67	/	237.348
	=	5.34 %

Prima 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 )
	=	34.68	/	( ( (0 - 0)	+	(246.54 - 13.12) )	/ 1 )
	=	34.68	/	( ( 0	+	233.42 )	/ 1 )
	=	34.68	/	233.42
	=	14.86 %

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

Prima Industries (BOM:531246) 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.

Prima Industries ROCE % Related Terms

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Prima Industries (BOM:531246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prima Industries Ltd (BOM:531246) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Door No: V/679-C, Industrial Development Area, Muppathadam P O, Edayar, Cochin, KL, IND, 683110

Website

https://www.primaindustries.in

Prima Industries Ltd is an edible oil refinery company based in India. The principal activities of the company are manufacturing, extracting, producing, refining, importing, exporting, trading, and distributing all kinds of extraction of edible oils, non-edible oils, animal Feeds, and refined oils. The company's core business activities are categorized into two key segments - Cattle Feed division and Oil Cake Processing division. The majority of its revenue comes from the Oil Cake Processing division.

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