AVI Polymers (BOM:539288) ROCE % : 2.85% (As of Sep. 2024)

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What is AVI Polymers 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. AVI Polymers's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.85%.

AVI Polymers ROCE % Historical Data

The historical data trend for AVI Polymers'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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AVI Polymers ROCE % Chart

AVI Polymers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.85

3.24

14.37

3.39

0.64

AVI Polymers 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															2.09	0.07	-0.93	1.68	2.85

AVI Polymers ROCE % Calculation

AVI Polymers'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 )
	=	0.335	/	( ( (48.357 - 0.1)	+	(56.81 - 0.199) )	/ 2 )
	=	0.335	/	( (48.257	+	56.611)	/ 2 )
	=	0.335	/	52.434
	=	0.64 %

AVI Polymers'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 )
	=	1.964	/	( ( (0 - 0)	+	(69.022 - 0.006) )	/ 1 )
	=	1.964	/	( ( 0	+	69.016 )	/ 1 )
	=	1.964	/	69.016
	=	2.85 %

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

AVI Polymers (BOM:539288) 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.

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AVI Polymers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AVI Polymers Ltd (BOM:539288) » Definitions » ROCE %

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Address

Premchand Nagar Road, 103, Nalanda Complex, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

https://www.avipolymers.com

AVI Polymers Ltd is an India based company engaged in the wholesale trading of chemicals including polymer compounds for cables, plastics, and textile industries. Its products are categorized into the chemical division, dye intermediate division, detergent chemical division, polymers division, and water treatment chemicals division.

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