Power Mech Projects (NSE:POWERMECH) ROCE % : 24.87% (As of Dec. 2024)

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What is Power Mech Projects 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. Power Mech Projects's annualized ROCE % for the quarter that ended in Dec. 2024 was 24.87%.

Power Mech Projects ROCE % Historical Data

The historical data trend for Power Mech Projects'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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Power Mech Projects ROCE % Chart

Power Mech Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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22.36

0.73

21.86

25.65

25.01

Power Mech Projects Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															31.59	23.44	20.44	20.37	24.87

Power Mech Projects ROCE % Calculation

Power Mech Projects'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 )
	=	4544.7	/	( ( (30541.7 - 15697.9)	+	(35675.6 - 14177.3) )	/ 2 )
	=	4544.7	/	( (14843.8	+	21498.3)	/ 2 )
	=	4544.7	/	18171.05
	=	25.01 %

Power Mech Projects's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	5850.4	/	( ( (39179.5 - 15651.7)	+	(0 - 0) )	/ 1 )
	=	5850.4	/	( ( 23527.8	+	0 )	/ 1 )
	=	5850.4	/	23527.8
	=	24.87 %

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

Power Mech Projects (NSE:POWERMECH) 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.

Power Mech Projects ROCE % Related Terms

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Power Mech Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Power Mech Projects Ltd (NSE:POWERMECH) » Definitions » ROCE %

Comparable Companies

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539302:India

Address

Plot No. 77, Jubilee Enclave, Opposite Hitex, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.powermechprojects.com

Power Mech Projects Ltd is an India-based engineering and construction company. It operates in the business segment of construction and maintenance activities. The group provides services such as in the erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works, and operation and maintenance (O&M). The company is also undertaking railway projects and executing a railway project of doubling of tracks including electrification, signaling, culverts, platforms, and transmission & distribution portfolio. Geographically the company generates the majority of its revenue from India.

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