Progrex Ventures (BOM:531265) ROCE % : -4.07% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Progrex Ventures 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. Progrex Ventures's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.07%.

Progrex Ventures ROCE % Historical Data

The historical data trend for Progrex Ventures'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.

* Premium members only.

Progrex Ventures ROCE % Chart

Progrex Ventures Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-1.18

-1.20

-1.16

-1.41

-1.42

Progrex Ventures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-1.73	-3.49	-0.19	-	-4.07

Progrex Ventures ROCE % Calculation

Progrex Ventures'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 )
	=	-1.214	/	( ( (87.609 - 1.365)	+	(86.494 - 1.385) )	/ 2 )
	=	-1.214	/	( (86.244	+	85.109)	/ 2 )
	=	-1.214	/	85.6765
	=	-1.42 %

Progrex Ventures'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 )
	=	-3.46	/	( ( (0 - 0)	+	(86.494 - 1.385) )	/ 1 )
	=	-3.46	/	( ( 0	+	85.109 )	/ 1 )
	=	-3.46	/	85.109
	=	-4.07 %

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

Progrex Ventures (BOM:531265) 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.

Progrex Ventures ROCE % Related Terms

Thank you for viewing the detailed overview of Progrex Ventures's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Progrex Ventures (BOM:531265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Progrex Ventures Ltd (BOM:531265) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Number 232, Zone-I, MaharanaPratap Nagar, Shri Mohan Parisar, Bhopal, MP, IND, 462 011

Website

https://www.progressivecorp.net

Progrex Ventures Ltd is engaged in the business of manufacturing and export of solvent extraction oil, refined oil and trading of refined oil. It is also engaged in the manufacturing, trading, and export of soya meal.

Progrex Ventures (BOM:531265) Headlines

No Headlines