SPP Polymer (NSE:SPPPOLY) ROCE % : 11.52% (As of Mar. 2024)

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What is SPP Polymer 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. SPP Polymer's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.52%.

SPP Polymer ROCE % Historical Data

The historical data trend for SPP Polymer'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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SPP Polymer ROCE % Chart

SPP Polymer Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

12.03

5.36

7.11

11.52

SPP Polymer Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
ROCE %	12.03	5.36	7.11	11.52

SPP Polymer ROCE % Calculation

SPP Polymer'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 )
	=	39.824	/	( ( (541.798 - 188.737)	+	(709.189 - 371.087) )	/ 2 )
	=	39.824	/	( (353.061	+	338.102)	/ 2 )
	=	39.824	/	345.5815
	=	11.52 %

SPP Polymer'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 )
	=	39.824	/	( ( (541.798 - 188.737)	+	(709.189 - 371.087) )	/ 2 )
	=	39.824	/	( ( 353.061	+	338.102 )	/ 2 )
	=	39.824	/	345.5815
	=	11.52 %

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

SPP Polymer (NSE:SPPPOLY) 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.

SPP Polymer ROCE % Related Terms

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SPP Polymer Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SPP Polymer Ltd (NSE:SPPPOLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No-04, Sector-01, IIE, SIIDCUL, Pantnagar, Udhamsingh Nagar, Rudrapur, UT, IND, 263153

Website

https://www.spppolymer.com

SPP Polymer Ltd is engaged in the business of manufacturing of HDPE/PP woven fabric & bags, non-woven fabrics & bags and PP Multifilament yarn. It offers packaging solutions to business-to-business (B2B) manufacturers catering to different industries such as cement, chemicals, food grains, sugars, polymers, agriculture, and others for the packaging of goods in big quantities.

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