Gujarat Poly Electronics (BOM:517288) ROCE % : 16.07% (As of Mar. 2024)

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What is Gujarat Poly Electronics 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. Gujarat Poly Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.07%.

Gujarat Poly Electronics ROCE % Historical Data

The historical data trend for Gujarat Poly Electronics'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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Gujarat Poly Electronics ROCE % Chart

Gujarat Poly Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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413.87

106.45

100.81

20.41

Gujarat Poly Electronics 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															72.96	35.71	14.84	17.76	16.07

Gujarat Poly Electronics ROCE % Calculation

Gujarat Poly Electronics'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 )
	=	18.771	/	( ( (190.272 - 108.429)	+	(215.725 - 113.629) )	/ 2 )
	=	18.771	/	( (81.843	+	102.096)	/ 2 )
	=	18.771	/	91.9695
	=	20.41 %

Gujarat Poly Electronics'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 )
	=	16.408	/	( ( (0 - 0)	+	(215.725 - 113.629) )	/ 1 )
	=	16.408	/	( ( 0	+	102.096 )	/ 1 )
	=	16.408	/	102.096
	=	16.07 %

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

Gujarat Poly Electronics (BOM:517288) 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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Gujarat Poly Electronics (BOM:517288) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gujarat Poly Electronics Ltd (BOM:517288) » Definitions » ROCE %

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Address

7, Jamshedji Tata Road, Oriental House, 5th Floor, Church Gate Reclamation, Mumbai, MH, IND, 400 020

Website

http://www.gpelindia.in

Gujarat Poly Electronics Ltd is an India-based company. The company is engaged in the manufacturing, distribution, and marketing of markets ceramic capacitors and varistors. Its portfolio includes products like Single-layer ceramic capacitors; Multilayer ceramic capacitors and, Metal oxide varistors. In addition, the company also supplies various equipment like computer and computer peripherals, instrumentations and industrial electronics, consumer electronics, defense electronics, telecommunications, and other related products. The majority of its revenue comes from the Indian market.

Gujarat Poly Electronics (BOM:517288) Headlines

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