Pratiksha Chemicals (BOM:531257) ROCE % : -317.32% (As of Dec. 2024)

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What is Pratiksha Chemicals 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. Pratiksha Chemicals's annualized ROCE % for the quarter that ended in Dec. 2024 was -317.32%.

Pratiksha Chemicals ROCE % Historical Data

The historical data trend for Pratiksha Chemicals'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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Pratiksha Chemicals ROCE % Chart

Pratiksha Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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6.35

13.35

16.02

4.60

5.74

Pratiksha Chemicals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.75	5.67	6.79	-2.11	-317.32

Pratiksha Chemicals ROCE % Calculation

Pratiksha Chemicals'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 )
	=	4.04	/	( ( (107.39 - 37.441)	+	(131.504 - 60.745) )	/ 2 )
	=	4.04	/	( (69.949	+	70.759)	/ 2 )
	=	4.04	/	70.354
	=	5.74 %

Pratiksha Chemicals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-221.612	/	( ( (118.723 - 48.885)	+	(0 - 0) )	/ 1 )
	=	-221.612	/	( ( 69.838	+	0 )	/ 1 )
	=	-221.612	/	69.838
	=	-317.32 %

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

Pratiksha Chemicals (BOM:531257) 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.

Pratiksha Chemicals ROCE % Related Terms

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Pratiksha Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pratiksha Chemicals Ltd (BOM:531257) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Opposite Dharnidhar Derasar, 3rd Floor, H.K. Complex, Paldi, Vasna, Ahmedabad, GJ, IND, 380007

Website

https://www.dharapratiksha.com

Pratiksha Chemicals Ltd is engaged in the manufacturing of chemicals such as pigments. The company offers products such as phthalocyanine pigment green 7 in powder and Presscake forms; and copper phthalocyanine green crude in Presscake form. The pigments produced by the company are used in product compositions of all kinds, including paints, inks, plastics, glass, synthetic fibers, ceramics, colored cement products, textiles, cosmetics, and artists colors.

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