Piotex Industries (BOM:544178) ROCE % : 24.34% (As of Sep. 2024)

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What is Piotex Industries 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. Piotex Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.34%.

Piotex Industries ROCE % Historical Data

The historical data trend for Piotex Industries'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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Piotex Industries ROCE % Chart

Piotex Industries Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

49.33

88.65

40.64

Piotex Industries Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
ROCE %	-	-	-	24.34

Piotex Industries ROCE % Calculation

Piotex Industries'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 )
	=	42.615	/	( ( (175.768 - 94.513)	+	(361.059 - 232.571) )	/ 2 )
	=	42.615	/	( (81.255	+	128.488)	/ 2 )
	=	42.615	/	104.8715
	=	40.64 %

Piotex Industries'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	47.298	/	( ( (361.059 - 232.571)	+	(480.609 - 220.45) )	/ 2 )
	=	47.298	/	( ( 128.488	+	260.159 )	/ 2 )
	=	47.298	/	194.3235
	=	24.34 %

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

Piotex Industries (BOM:544178) 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.

Piotex Industries ROCE % Related Terms

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Piotex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Piotex Industries Ltd (BOM:544178) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

F/II Block, Plot No. 16/2, M.I.D.C., Pimpri, Pune, MH, IND, 411018

Website

https://www.piotexindustries.com

Piotex Industries Ltd is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. The company is engaged mainly in 2 activities: 1. Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric 2. Manufacturing through job work and Fabric Weaving.

Piotex Industries Headlines

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