G M Polyplast (BOM:543239) ROCE % : 21.09% (As of Mar. 2024)

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What is G M Polyplast 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. G M Polyplast's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.09%.

G M Polyplast ROCE % Historical Data

The historical data trend for G M Polyplast'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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G M Polyplast ROCE % Chart

G M Polyplast Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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42.01

39.69

30.03

28.69

34.47

G M Polyplast Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial						32.10	30.85	26.84	46.90	21.09

G M Polyplast ROCE % Calculation

G M Polyplast'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 )
	=	101.578	/	( ( (368.649 - 108.579)	+	(414.418 - 85.186) )	/ 2 )
	=	101.578	/	( (260.07	+	329.232)	/ 2 )
	=	101.578	/	294.651
	=	34.47 %

G M Polyplast's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	68.048	/	( ( (447.11 - 130.984)	+	(414.418 - 85.186) )	/ 2 )
	=	68.048	/	( ( 316.126	+	329.232 )	/ 2 )
	=	68.048	/	322.679
	=	21.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

G M Polyplast (BOM:543239) 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.

G M Polyplast ROCE % Related Terms

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G M Polyplast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » G M Polyplast Ltd (BOM:543239) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Kondiviti Road, Near Camlin, A/66, New Empire Industial Estate, JB Nagar andheri (East), Mumbai, MH, IND, 400059

Website

https://www.gmpolyplast.com

G M Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE Sheets, and Granules. The company's products include Sheet - ABS sheets, HIPS sheets, PET sheets, HDPE sheets, PP sheets, and ESD materials and Granule - PP granule, ABS granule, HIPS granule, & HDPE granules.

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