South West Pinnacle Exploration (NSE:SOUTHWEST) ROCE % : 20.23% (As of Dec. 2023)

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What is South West Pinnacle Exploration 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. South West Pinnacle Exploration's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.23%.

South West Pinnacle Exploration ROCE % Historical Data

The historical data trend for South West Pinnacle Exploration'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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South West Pinnacle Exploration ROCE % Chart

South West Pinnacle Exploration Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.17

10.62

17.74

17.02

13.54

South West Pinnacle Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.60	18.87	6.85	7.84	20.23

South West Pinnacle Exploration ROCE % Calculation

South West Pinnacle Exploration's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	175.957	/	( ( (1892.196 - 638.124)	+	(1977.307 - 633.252) )	/ 2 )
	=	175.957	/	( (1254.072	+	1344.055)	/ 2 )
	=	175.957	/	1299.0635
	=	13.54 %

South West Pinnacle Exploration's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	311.8	/	( ( (2292.3 - 751.105)	+	(0 - 0) )	/ 1 )
	=	311.8	/	( ( 1541.195	+	0 )	/ 1 )
	=	311.8	/	1541.195
	=	20.23 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

South West Pinnacle Exploration (NSE:SOUTHWEST) 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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South West Pinnacle Exploration (NSE:SOUTHWEST) Business Description

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543986:India

Address

Siddhartha House, Plot No. 15, Ground Floor, Sector-44, Gurgaon, HR, IND, 122003

Website

http://www.southwestpinnacle.com

South West Pinnacle Exploration Ltd is an India-based exploration services company. It provides end to end drilling, exploration, and allied services to coal, ferrous, non-ferrous, and atomic and base metal mining and water and unconventional energy industries. The company offers consultancy for geological field services and allied services. In addition, it also renders exploration services including geophysical logging, surface geophysical and topographic surveys. The company also administers services such as aquifer mapping, coal bed methane exploration and production, coal and mineral exploration, and workover rig services. It has a business presence in India and the Overseas market.

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