Paras Defence And Space Technologies (BOM:543367) ROCE % : 16.70% (As of Sep. 2024)

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What is Paras Defence And Space Technologies 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. Paras Defence And Space Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.70%.

Paras Defence And Space Technologies ROCE % Historical Data

The historical data trend for Paras Defence And Space Technologies'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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Paras Defence And Space Technologies ROCE % Chart

Paras Defence And Space Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.41

14.21

13.28

12.36

9.71

Paras Defence And Space Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial													11.59	8.72	10.64	17.94	16.70

Paras Defence And Space Technologies ROCE % Calculation

Paras Defence And Space Technologies'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 )
	=	440.12	/	( ( (5205.408 - 829.496)	+	(6397.285 - 1707.331) )	/ 2 )
	=	440.12	/	( (4375.912	+	4689.954)	/ 2 )
	=	440.12	/	4532.933
	=	9.71 %

Paras Defence And Space Technologies'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 )
	=	828.8	/	( ( (0 - 0)	+	(6928.3 - 1966.5) )	/ 1 )
	=	828.8	/	( ( 0	+	4961.8 )	/ 1 )
	=	828.8	/	4961.8
	=	16.70 %

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

Paras Defence And Space Technologies (BOM:543367) 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.

Paras Defence And Space Technologies ROCE % Related Terms

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Paras Defence And Space Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Paras Defence And Space Technologies Ltd (BOM:543367) » Definitions » ROCE %

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Traded in Other Exchanges

PARAS:India

Address

D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai, MH, IND, 400706

Website

https://www.parasdefence.com

Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems, and Defence Engineering. The maximum revenue for the company is derived from its Defence Engineering segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.

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