Premier Polyfilm (NSE:PREMIERPOL) ROCE % : 34.09% (As of Mar. 2024)

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What is Premier Polyfilm 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. Premier Polyfilm's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.09%.

Premier Polyfilm ROCE % Historical Data

The historical data trend for Premier Polyfilm'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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Premier Polyfilm ROCE % Chart

Premier Polyfilm Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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21.58

21.71

22.59

22.13

30.25

Premier Polyfilm 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															24.96	32.16	30.40	25.34	34.09

Premier Polyfilm ROCE % Calculation

Premier Polyfilm'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 )
	=	293.1	/	( ( (1378.5 - 495.5)	+	(1331.3 - 276.5) )	/ 2 )
	=	293.1	/	( (883	+	1054.8)	/ 2 )
	=	293.1	/	968.9
	=	30.25 %

Premier Polyfilm'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 )
	=	359.6	/	( ( (0 - 0)	+	(1331.3 - 276.5) )	/ 1 )
	=	359.6	/	( ( 0	+	1054.8 )	/ 1 )
	=	359.6	/	1054.8
	=	34.09 %

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

Premier Polyfilm (NSE:PREMIERPOL) 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.

Premier Polyfilm ROCE % Related Terms

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Premier Polyfilm (NSE:PREMIERPOL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Premier Polyfilm Ltd (NSE:PREMIERPOL) » Definitions » ROCE %

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514354:India

Address

Sahibabad Industrial Area, 40/1A, Site IV, Sahibabad, Ghaziabad, UP, IND, 201010

Website

https://www.premierpoly.com

Premier Polyfilm Ltd is engaged in the manufacturing and export of calendared PVC products. Its operating segment is manufacturing and sale of PVC films and sheets, and thus generates entire revenue from it. The products of the company include PVC flooring, PVC sheeting, PVC flexible film, calendared leather cloth, humidity barrier, PVC Geomembrane, printed and technical flooring, high voltage insulated mats, and others. It serves various sectors such as agriculture, automobiles, building and construction, electrical and electronics, food and pharmaceuticals, sports and leisure, and others.

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