Excellent Wires and Packaging (NSE:EXCELLENT) ROCE % : 10.13% (As of Sep. 2024)

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What is Excellent Wires and Packaging 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. Excellent Wires and Packaging's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.13%.

Excellent Wires and Packaging ROCE % Historical Data

The historical data trend for Excellent Wires and Packaging'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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Excellent Wires and Packaging ROCE % Chart

Excellent Wires and Packaging Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

217.74

219.69

64.67

Excellent Wires and Packaging Semi-Annual Data
	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	-	-	457.46	37.18	10.13

Excellent Wires and Packaging ROCE % Calculation

Excellent Wires and Packaging'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 )
	=	13.922	/	( ( (32.469 - 29.653)	+	(70.508 - 30.269) )	/ 2 )
	=	13.922	/	( (2.816	+	40.239)	/ 2 )
	=	13.922	/	21.5275
	=	64.67 %

Excellent Wires and Packaging'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 )
	=	11.066	/	( ( (70.508 - 30.269)	+	(192.772 - 14.481) )	/ 2 )
	=	11.066	/	( ( 40.239	+	178.291 )	/ 2 )
	=	11.066	/	109.265
	=	10.13 %

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

Excellent Wires and Packaging (NSE:EXCELLENT) 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.

Excellent Wires and Packaging ROCE % Related Terms

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Excellent Wires and Packaging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Excellent Wires and Packaging Ltd (NSE:EXCELLENT) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Jay Chamundeshwari Industrial Complex, Unit No. 12,13,113 Building 2 S. No. 54, Naikpada, Palghar, Vasai, MH, IND, 401208

Website

https://www.excellentwiresandpackaging.com

Excellent Wires and Packaging Ltd is a manufacturer and exporter of various types of wires, such as Spring Steel Wire, High Carbon Wire, Galvanised Wire or GI Wire, Round Stitching Wire, Flat Stitching Wire, Mild Steel (M.S.) & Low Carbon Wire, H.B. & H.H.B. Wire, Annealed Wire, Brass Wire, Copper Wire, Stainless Steel Wire, Spiral Wires, Binding Wires, Bailing Wires and all types & sizes of Wire Ropes made of high carbon or SS Wire With or without PVC Coating for multiple applications under the brand name of Excellent. It also manufactures packaging products like PP Strapping Rolls and BOPP Self Adhesive Tapes under the brand name of Excellent. The company supplies its products to various industries viz. Packaging, Engineering, Stationery, Imitation Jewellry, Wires & Cable, etc.

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