Paramount Speciality Forgings (NSE:PSFL) ROCE % : 57.20% (As of Mar. 2024)

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What is Paramount Speciality Forgings 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. Paramount Speciality Forgings's annualized ROCE % for the quarter that ended in Mar. 2024 was 57.20%.

Paramount Speciality Forgings ROCE % Historical Data

The historical data trend for Paramount Speciality Forgings'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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Paramount Speciality Forgings ROCE % Chart

Paramount Speciality Forgings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

8.07

24.87

24.82

57.20

Paramount Speciality Forgings Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	8.07	24.87	24.82	57.20

Paramount Speciality Forgings ROCE % Calculation

Paramount Speciality Forgings'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 )
	=	115.934	/	( ( (722.387 - 554.424)	+	(817.918 - 580.538) )	/ 2 )
	=	115.934	/	( (167.963	+	237.38)	/ 2 )
	=	115.934	/	202.6715
	=	57.20 %

Paramount Speciality Forgings'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	115.934	/	( ( (722.387 - 554.424)	+	(817.918 - 580.538) )	/ 2 )
	=	115.934	/	( ( 167.963	+	237.38 )	/ 2 )
	=	115.934	/	202.6715
	=	57.20 %

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

Paramount Speciality Forgings (NSE:PSFL) 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.

Paramount Speciality Forgings ROCE % Related Terms

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Paramount Speciality Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paramount Speciality Forgings Ltd (NSE:PSFL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. Mascarenhas Road, 3, 1, Guru Himmat Building, Anjirwadi, Mazgaon, Mumbai, MH, IND, 400010

Website

https://www.paramountforge.com

Paramount Speciality Forgings Ltd is engaged in manufacturing steel forgings in India. It manufacture and provide forged components ranging in weight from 1Kg to 4 metric tons in rough or finish-machined condition. Its product are used in industry such as Petrochemicals, Chemicals, Fertilizers, Oil and Gas, Nuclear Power, and other heavy engineering sectors. The Company only operates in sale of carbon steel and stainless steel flanges and fittings and other engineering goods made from steel and stainless steel goods or any other goods and merchandise.

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