Precision Metaliks (NSE:PRECISION) ROCE % : 7.84% (As of Sep. 2024)

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What is Precision Metaliks 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. Precision Metaliks's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.84%.

Precision Metaliks ROCE % Historical Data

The historical data trend for Precision Metaliks'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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Precision Metaliks ROCE % Chart

Precision Metaliks Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.18

11.67

15.23

17.59

11.90

Precision Metaliks Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial					15.90	19.64	12.97	14.17	7.84

Precision Metaliks ROCE % Calculation

Precision Metaliks'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 )
	=	80.113	/	( ( (1094.697 - 616.085)	+	(1537.013 - 669.013) )	/ 2 )
	=	80.113	/	( (478.612	+	868)	/ 2 )
	=	80.113	/	673.306
	=	11.90 %

Precision Metaliks's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	68.476	/	( ( (1537.013 - 669.013)	+	(1644.921 - 765.33) )	/ 2 )
	=	68.476	/	( ( 868	+	879.591 )	/ 2 )
	=	68.476	/	873.7955
	=	7.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Precision Metaliks (NSE:PRECISION) 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.

Precision Metaliks ROCE % Related Terms

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Precision Metaliks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Precision Metaliks Ltd (NSE:PRECISION) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Flat No. 202, CBM Compound, No. 9-19-43, Suryadev Apartments, Visakhapatnam, AP, IND, 530003

Website

https://www.precision-metaliks.com

Precision Metaliks Ltd is engaged in trading and manufacturing aluminum alloy wheels in a wide variety of sizes and finishing alloy wheels. The company is engaged in the processing of semi-finished alloy wheels by rendering value-added services and other engineering services.

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