Prakash Steelage (NSE:PRAKASHSTL) ROCE % : 1,685.23% (As of Mar. 2024)

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What is Prakash Steelage 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. Prakash Steelage's annualized ROCE % for the quarter that ended in Mar. 2024 was 1,685.23%.

Prakash Steelage ROCE % Historical Data

The historical data trend for Prakash Steelage'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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Prakash Steelage ROCE % Chart

Prakash Steelage Annual Data

Trend

Mar15

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Mar24

ROCE %

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Prakash Steelage 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															-	-	-	-	1,685.23

Prakash Steelage ROCE % Calculation

Prakash Steelage'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 )
	=	584.989	/	( ( (374.145 - 871.173)	+	(403.61 - 319.572) )	/ 2 )
	=	584.989	/	( (-497.028	+	84.038)	/ 2 )
	=	584.989	/	-206.495
	=	-283.29 %

Prakash Steelage'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 )
	=	1416.232	/	( ( (0 - 0)	+	(403.61 - 319.572) )	/ 1 )
	=	1416.232	/	( ( 0	+	84.038 )	/ 1 )
	=	1416.232	/	84.038
	=	1,685.23 %

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

Prakash Steelage (NSE:PRAKASHSTL) 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.

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Prakash Steelage (NSE:PRAKASHSTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Prakash Steelage Ltd (NSE:PRAKASHSTL) » Definitions » ROCE %

Traded in Other Exchanges

533239:India

Address

28, Sindhi Lane, Nanubhai Desai Road, 101, 1st Floor, Shatrunjay Apartment, Mumbai, MH, IND, 400 004

Website

https://www.prakashsteelage.com

Prakash Steelage Ltd is a company, which is predominantly related to the manufacturing and trading of stainless steel tubes and pipes. Its products are available in various conditions, such as welded, Annealed/Unanneled, Bright Annealed, Annealed and Pickled, U-Bent, Bead Rolled, and Straight Lengths. Geographically all the business activity of the group is operated through the region of India.

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