Pioneer Embroideries (NSE:PIONEEREMB) ROCE % : 10.01% (As of Mar. 2024)

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What is Pioneer Embroideries 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. Pioneer Embroideries's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.01%.

Pioneer Embroideries ROCE % Historical Data

The historical data trend for Pioneer Embroideries'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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Pioneer Embroideries ROCE % Chart

Pioneer Embroideries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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13.00

17.28

13.56

8.86

6.13

Pioneer Embroideries 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															5.40	4.36	4.03	5.86	10.01

Pioneer Embroideries ROCE % Calculation

Pioneer Embroideries'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 )
	=	135.149	/	( ( (2934.925 - 813.948)	+	(3321.509 - 1031.27) )	/ 2 )
	=	135.149	/	( (2120.977	+	2290.239)	/ 2 )
	=	135.149	/	2205.608
	=	6.13 %

Pioneer Embroideries'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 )
	=	229.14	/	( ( (0 - 0)	+	(3321.509 - 1031.27) )	/ 1 )
	=	229.14	/	( ( 0	+	2290.239 )	/ 1 )
	=	229.14	/	2290.239
	=	10.01 %

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

Pioneer Embroideries (NSE:PIONEEREMB) 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.

Pioneer Embroideries ROCE % Related Terms

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Pioneer Embroideries (NSE:PIONEEREMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pioneer Embroideries Ltd (NSE:PIONEEREMB) » Definitions » ROCE %

Traded in Other Exchanges

514300:India

Address

3-A Udyog Nagar, Off S. V. Road, 2nd Floor, Orient House, Unit No. 21 to 25, Goregaon (West), Mumbai, MH, IND, 400062

Website

https://www.pelhakoba.com

Pioneer Embroideries Ltd is a manufacturer and exporter of Dope Dyed Polyester Yarn (DDPY), Embroidery and Lace Products. It has only one operating segment being Textile. The company's products include Dope dyed polyester yarns; embroidered laces, including fabric and guipure, and embroidered dress material; braided laces; embroidered fabrics, allover fabrics, and laces, and crochet laces.

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