Pashupati Cotspin (NSE:PASHUPATI) ROCE % : 21.10% (As of Mar. 2024)

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What is Pashupati Cotspin 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. Pashupati Cotspin's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.10%.

Pashupati Cotspin ROCE % Historical Data

The historical data trend for Pashupati Cotspin'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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Pashupati Cotspin ROCE % Chart

Pashupati Cotspin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.02

12.54

15.41

9.17

15.84

Pashupati Cotspin Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial														16.12	6.33	12.17	9.64	21.10

Pashupati Cotspin ROCE % Calculation

Pashupati Cotspin'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 )
	=	274.103	/	( ( (3087.887 - 1380.96)	+	(3110.495 - 1357.209) )	/ 2 )
	=	274.103	/	( (1706.927	+	1753.286)	/ 2 )
	=	274.103	/	1730.1065
	=	15.84 %

Pashupati Cotspin'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 )
	=	377.832	/	( ( (3129.229 - 1301.099)	+	(3110.495 - 1357.209) )	/ 2 )
	=	377.832	/	( ( 1828.13	+	1753.286 )	/ 2 )
	=	377.832	/	1790.708
	=	21.10 %

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

Pashupati Cotspin (NSE:PASHUPATI) 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.

Pashupati Cotspin ROCE % Related Terms

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Pashupati Cotspin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pashupati Cotspin Ltd (NSE:PASHUPATI) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kadi-Detroj Road, Survey No.404 At and Post Balasar, Kadi, Mahesana, GJ, IND, 382715

Website

https://www.pashupaticotspin.com

Pashupati Cotspin Ltd is engaged in the business of processing Kapas (raw cotton) by way of ginning cotton, spinning cotton yarn, and delineating processes. The company's products include Cotton bales, Cotton yarn, Black Cotton seeds (Delineate Seeds), and others. The group continues to operate in one business segment: Processing of Kapas (raw cotton) by way of Ginning of cotton.

Pashupati Cotspin Headlines

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