Pasupati Acrylon (NSE:PASUPTAC) ROCE % : 18.38% (As of Mar. 2024)

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What is Pasupati Acrylon 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. Pasupati Acrylon's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.38%.

Pasupati Acrylon ROCE % Historical Data

The historical data trend for Pasupati Acrylon'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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Pasupati Acrylon ROCE % Chart

Pasupati Acrylon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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11.64

27.08

23.46

16.95

5.91

Pasupati Acrylon Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.06	2.38	-15.13	16.91	18.38

Pasupati Acrylon ROCE % Calculation

Pasupati Acrylon'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 )
	=	209.8	/	( ( (4584.335 - 1329.967)	+	(4990.3 - 1150.8) )	/ 2 )
	=	209.8	/	( (3254.368	+	3839.5)	/ 2 )
	=	209.8	/	3546.934
	=	5.91 %

Pasupati Acrylon'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	705.6	/	( ( (0 - 0)	+	(4990.3 - 1150.8) )	/ 1 )
	=	705.6	/	( ( 0	+	3839.5 )	/ 1 )
	=	705.6	/	3839.5
	=	18.38 %

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

Pasupati Acrylon (NSE:PASUPTAC) 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.

Pasupati Acrylon ROCE % Related Terms

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Pasupati Acrylon (NSE:PASUPTAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pasupati Acrylon Ltd (NSE:PASUPTAC) » Definitions » ROCE %

Traded in Other Exchanges

500456:India

Address

M-14, Connaught Circus, Middle Circle, New Delhi, IND, 110 001

Website

https://www.pasupatiacrylon.com

Pasupati Acrylon Ltd operates in the textile industry. The company's operating segment includes the Acrylic Fibre Division and Cast Polypropylene Film Division. It generates a majority of its revenue from the Acrylic Fibre segment. The products offered by the group are Hydrophilic Fiber, Soft Feel Fiber, Low Pill Fiber, Metalized CPP, and Natural and White CPP.

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