Pincon Spirit (NSE:PINCON) ROCE %: 45.40% (As of Sep. 2017)


What is Pincon Spirit ROCE %?

Pincon Spirit NSE:PINCON ROCE % is 45.40% as of Sep. 2017.

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. Pincon Spirit's annualized ROCE % for the quarter that ended in Sep. 2017 was 45.40%.

Pincon Spirit  (NSE:PINCON) 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.

Pincon Spirit ROCE % Related Terms

Pincon Spirit ROCE % Historical Data

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The historical data trend for Pincon Spirit'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.

Pincon Spirit ROCE % Chart

Pincon Spirit Annual Data
Trend Mar14 Mar15 Mar16 Mar17
ROCE %
21.81 33.26 39.16 48.73

Pincon Spirit Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17
ROCE % Get a 7-Day Free Trial 0.00 0.00 47.90 48.62 45.40

Pincon Spirit ROCE % Calculation

Pincon Spirit's annualized ROCE % for the fiscal year that ended in Mar. 2017 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2017 )  (A: Mar. 2016 )(A: Mar. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2017 )  (A: Mar. 2016 )(A: Mar. 2017 )
=925.667/( ( (4111.818 - 2499.853) + (5586.76 - 3399.646) )/ 2 )
=925.667/( (1611.965+2187.114)/ 2 )
=925.667/1899.5395
=48.73 %

Pincon Spirit's ROCE % of for the quarter that ended in Sep. 2017 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2017 )  (Q: Mar. 2017 )(Q: Sep. 2017 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2017 )  (Q: Mar. 2017 )(Q: Sep. 2017 )
=1123.662/( ( (5586.76 - 3399.646) + (6417.895 - 3655.076) )/ 2 )
=1123.662/( ( 2187.114 + 2762.819 )/ 2 )
=1123.662/2474.9665
=45.40 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2017) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 45.40% mean?
Pincon Spirit (NSE:PINCON) has a ROCE % of 45.40% as of Sep. 2017.
Is Pincon Spirit's ROCE % too high?
Pincon Spirit's current ROCE % is 45.40%. The Beverages - Alcoholic industry median ROCE % is 7.68. Pincon Spirit's value of 45.40% is 491.5% above this industry median.
How does Pincon Spirit's ROCE % compare to THST and JCTG?
Pincon Spirit's ROCE % of 45.40% can be compared against companies in the Beverages - Alcoholic industry. The industry median ROCE % is 7.68. Pincon Spirit's value of 45.40% is 491.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Beverages - Alcoholic company?
The median ROCE % among Beverages - Alcoholic companies is 7.68, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pincon Spirit's current ROCE % of 45.40% is 491.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Beverages - Alcoholic industry, the median ROCE % is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pincon Spirit's current ROCE % is 45.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pincon Spirit stock overvalued right now?
Pincon Spirit (NSE:PINCON) has a current ROCE % of 45.40%. The current ROCE % is 45.40% and 491.5% above the Beverages - Alcoholic industry median of 7.68. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Pincon Spirit (NSE:PINCON), the current ROCE % is 45.40% as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pincon Spirit Business Description

Address Number 103, 3rd Floor, Samskruthi Chambers, K.H Road, Shanthi Nagar, Bengaluru, KA, IND, 560027
Pincon Spirit Ltd is engaged in blending, bottling and wholesale distributions of Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) and refining, packaging and wholesale distributions of fast moving consumer goods. The company derives its revenue from its Indian Made Foreign Liquor (IMFL), Indian Made Indian Liquor (IMIL) segment. The Edible oils business segment is engaged in the manufacture of edible oils and the Company owns a refining and packaging unit.