Solve Plastic Products (NSE:BALCO) ROCE % : 40.30% (As of Mar. 2024)

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What is Solve Plastic Products 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. Solve Plastic Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 40.30%.

Solve Plastic Products ROCE % Historical Data

The historical data trend for Solve Plastic Products'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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Solve Plastic Products ROCE % Chart

Solve Plastic Products Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

9.12

14.45

49.84

40.30

Solve Plastic Products Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	9.12	14.45	49.84	40.30

Solve Plastic Products ROCE % Calculation

Solve Plastic Products'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 )
	=	27.801	/	( ( (187.427 - 131.871)	+	(221.153 - 138.725) )	/ 2 )
	=	27.801	/	( (55.556	+	82.428)	/ 2 )
	=	27.801	/	68.992
	=	40.30 %

Solve Plastic Products'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	27.801	/	( ( (187.427 - 131.871)	+	(221.153 - 138.725) )	/ 2 )
	=	27.801	/	( ( 55.556	+	82.428 )	/ 2 )
	=	27.801	/	68.992
	=	40.30 %

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

Solve Plastic Products (NSE:BALCO) 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.

Solve Plastic Products ROCE % Related Terms

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Solve Plastic Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solve Plastic Products Ltd (NSE:BALCO) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Powerhouse Ward, 2nd Floor, BALCO Building, XXIX/456, Tholicode P.O. Punalur, Kollam, KL, IND, 691333

Website

https://www.balcopipes.com

Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) Pipes and Rigid PVC Electrical Conduits. The Company is committed to constant innovations in drinking water piping solutions and electrical conduit fittings technologies to meet the constantly increasing demands.

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