Parag Milk Food (BOM:539889) ROCE % : 18.87% (As of Sep. 2024)

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What is Parag Milk Food 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. Parag Milk Food's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.87%.

Parag Milk Food ROCE % Historical Data

The historical data trend for Parag Milk Food'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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Parag Milk Food ROCE % Chart

Parag Milk Food Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.39

8.77

-52.28

11.12

14.29

Parag Milk Food 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															15.33	19.01	9.93	15.36	18.87

Parag Milk Food ROCE % Calculation

Parag Milk Food'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 )
	=	1620.94	/	( ( (16675.99 - 5884.32)	+	(18908.86 - 7007.58) )	/ 2 )
	=	1620.94	/	( (10791.67	+	11901.28)	/ 2 )
	=	1620.94	/	11346.475
	=	14.29 %

Parag Milk Food'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 )
	=	2328	/	( ( (0 - 0)	+	(19660.2 - 7321.5) )	/ 1 )
	=	2328	/	( ( 0	+	12338.7 )	/ 1 )
	=	2328	/	12338.7
	=	18.87 %

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

Parag Milk Food (BOM:539889) 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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Parag Milk Food Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parag Milk Food Ltd (BOM:539889) » Definitions » ROCE %

Traded in Other Exchanges

PARAGMILK:India

Address

10th Floor Nirmal Building, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.paragmilkfoods.com

Parag Milk Food Ltd is an India based company engaged in manufacturing, trading, and processing of milk and milk products. The products offered by the company are milk, cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, whey protein powder, curd, and other related products. The company markets its products under the brands Gowardhan, Go, Topp up and PRIDE OF COWS. It sells its products in India, and also exports internationally, of which majority of the sales revenue is generated within India.

Parag Milk Food Headlines

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