Purv Flexipack (NSE:PURVFLEXI) ROCE % : 17.60% (As of Sep. 2024)

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What is Purv Flexipack 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. Purv Flexipack's annualized ROCE % for the quarter that ended in Sep. 2024 was 17.60%.

Purv Flexipack ROCE % Historical Data

The historical data trend for Purv Flexipack'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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Purv Flexipack ROCE % Chart

Purv Flexipack Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

14.77

14.48

18.05

16.71

Purv Flexipack Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			-	-	18.12	18.67	17.60

Purv Flexipack ROCE % Calculation

Purv Flexipack'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 )
	=	305.705	/	( ( (2585.358 - 1131.119)	+	(3384.523 - 1179.067) )	/ 2 )
	=	305.705	/	( (1454.239	+	2205.456)	/ 2 )
	=	305.705	/	1829.8475
	=	16.71 %

Purv Flexipack'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 )
	=	392.45	/	( ( (3384.523 - 1179.067)	+	(3922.916 - 1668.28) )	/ 2 )
	=	392.45	/	( ( 2205.456	+	2254.636 )	/ 2 )
	=	392.45	/	2230.046
	=	17.60 %

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

Purv Flexipack (NSE:PURVFLEXI) 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.

Purv Flexipack ROCE % Related Terms

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Purv Flexipack Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Purv Flexipack Ltd (NSE:PURVFLEXI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Sarat Bose Road, Annapurna Apartment, Suit 1C, 1st Floor, Kolkata, WB, IND, 700020

Website

https://www.purvgroup.in/purv-flexipack-limited

Purv Flexipack Ltd is a company mainly engaged in the distribution of various plastic-based products such as Biaxially Oriented Polypropylene (BOPP) film, Polyester Films, Cast Polypropylene (CPP) films, Plastic granules, Inks, Adhesives, Masterbatches, Ethyl Acedate, and Titanium Dioxide. The company is a dealer of various companies for distribution of plastic based products.

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