Polysil Irrigation Systems (NSE:POLYSIL) ROCE % : 19.71% (As of Mar. 2023)

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What is Polysil Irrigation Systems 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. Polysil Irrigation Systems's annualized ROCE % for the quarter that ended in Mar. 2023 was 19.71%.

Polysil Irrigation Systems ROCE % Historical Data

The historical data trend for Polysil Irrigation Systems'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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Polysil Irrigation Systems ROCE % Chart

Polysil Irrigation Systems Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

12.18

9.56

19.71

Polysil Irrigation Systems Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	12.18	9.56	19.71

Polysil Irrigation Systems ROCE % Calculation

Polysil Irrigation Systems's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	38.959	/	( ( (461.68 - 272.788)	+	(553.146 - 346.701) )	/ 2 )
	=	38.959	/	( (188.892	+	206.445)	/ 2 )
	=	38.959	/	197.6685
	=	19.71 %

Polysil Irrigation Systems's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	38.959	/	( ( (461.68 - 272.788)	+	(553.146 - 346.701) )	/ 2 )
	=	38.959	/	( ( 188.892	+	206.445 )	/ 2 )
	=	38.959	/	197.6685
	=	19.71 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2023) EBIT data.

Polysil Irrigation Systems (NSE:POLYSIL) 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.

Polysil Irrigation Systems ROCE % Related Terms

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Polysil Irrigation Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polysil Irrigation Systems Ltd (NSE:POLYSIL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No- 340/1, Beside Hystuff Steel, At Post Raniya, Taluka Savli, District Vadodara, Vadodara, GJ, IND, 391780

Website

https://www.polysilirrigation.com

Polysil Irrigation Systems Ltd is engaged in manufacturing and sale of HDPE pipes, fittings and micro irrigation systems, such as drip irrigation system and sprinkler irrigation system, its components, accessories and allied products. Its product range includes HDPE Pipes, pipe fittings and irrigation equipment's, including disc filters, screen filters, hydro-cyclone filters, sand filters (gravel), compression fittings, valves (electrical and mechanicals), fertilizer tanks, Digital Controllers, Pressure Gauges, etc.

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