Page Industries (BOM:532827) ROCE % : 50.65% (As of Dec. 2023)

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What is Page 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. Page Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 50.65%.

Page Industries ROCE % Historical Data

The historical data trend for Page 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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Page Industries ROCE % Chart

Page Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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72.33

55.93

49.71

68.67

59.88

Page Industries 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															48.59	32.06	59.43	50.17	50.65

Page Industries ROCE % Calculation

Page Industries'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 )
	=	7993.85	/	( ( (21069.46 - 9363.59)	+	(26928.1 - 11935.99) )	/ 2 )
	=	7993.85	/	( (11705.87	+	14992.11)	/ 2 )
	=	7993.85	/	13348.99
	=	59.88 %

Page Industries'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 )
	=	8503.52	/	( ( (26420.522 - 9631.105)	+	(0 - 0) )	/ 1 )
	=	8503.52	/	( ( 16789.417	+	0 )	/ 1 )
	=	8503.52	/	16789.417
	=	50.65 %

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

Page Industries (BOM:532827) 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.

Page Industries ROCE % Related Terms

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Page Industries (BOM:532827) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Page Industries Ltd (BOM:532827) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PAGEIND:India

Address

Outer Ring Road, Umiya Business Bay, 7th Floor, Tower-1, Cessna Business Park, Kadubeesanahalli, Varthur Hobli, Bangalore, KA, IND, 560103

Website

https://www.pageind.com

Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey- and Speedo-branded apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute Most of the company's revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. Most of the company's sales are in India.

Page Industries (BOM:532827) Headlines

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