Texmo Pipes & Products (BOM:533164) ROCE % : 3.92% (As of Sep. 2024)

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What is Texmo Pipes & Products 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. Texmo Pipes & Products's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.92%.

Texmo Pipes & Products ROCE % Historical Data

The historical data trend for Texmo Pipes & Products'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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Texmo Pipes & Products ROCE % Chart

Texmo Pipes & Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.81

7.76

9.27

-21.67

5.74

Texmo Pipes & Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.86	8.44	-10.27	11.57	3.92

Texmo Pipes & Products ROCE % Calculation

Texmo Pipes & Products'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 )
	=	141.29	/	( ( (3069.402 - 741.485)	+	(3470.329 - 875.858) )	/ 2 )
	=	141.29	/	( (2327.917	+	2594.471)	/ 2 )
	=	141.29	/	2461.194
	=	5.74 %

Texmo Pipes & Products's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	102.636	/	( ( (0 - 0)	+	(3352.852 - 734.626) )	/ 1 )
	=	102.636	/	( ( 0	+	2618.226 )	/ 1 )
	=	102.636	/	2618.226
	=	3.92 %

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

Texmo Pipes & Products (BOM:533164) 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.

Texmo Pipes & Products ROCE % Related Terms

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Texmo Pipes & Products Business Description

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TEXMOPIPES:India

Address

98, Bahadarpur Road, Post Box No. 35, Burhanpur, MP, IND, 450331

Website

https://texmopipe.com

Texmo Pipes & Products Ltd is a pipe and fittings manufacturing company based in India. The company's primary products include plastic products. Its product portfolio comprises SWR pipes and fittings, CPVC pipes, conduit pipes, drip inline, moulded fittings of PVC, plumbing pipes, and fittings, sprinkler fittings, casing pipes for tubewell, and others. PVC pipes serve as the revenue driver amongst the other products of the company. The group caters its products to government, and private sectors within India and abroad.

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