Prince Pipes And Fittings (BOM:542907) ROCE % : 18.30% (As of Mar. 2024)

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What is Prince Pipes And Fittings 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. Prince Pipes And Fittings's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.30%.

Prince Pipes And Fittings ROCE % Historical Data

The historical data trend for Prince Pipes And Fittings'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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Prince Pipes And Fittings ROCE % Chart

Prince Pipes And Fittings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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24.51

31.90

29.59

13.10

16.66

Prince Pipes And Fittings 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															37.47	7.83	25.14	14.99	18.30

Prince Pipes And Fittings ROCE % Calculation

Prince Pipes And Fittings'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 )
	=	2502.68	/	( ( (18541.9 - 4597.26)	+	(21232.32 - 5132.13) )	/ 2 )
	=	2502.68	/	( (13944.64	+	16100.19)	/ 2 )
	=	2502.68	/	15022.415
	=	16.66 %

Prince Pipes And Fittings'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 )
	=	2947.12	/	( ( (0 - 0)	+	(21232.32 - 5132.13) )	/ 1 )
	=	2947.12	/	( ( 0	+	16100.19 )	/ 1 )
	=	2947.12	/	16100.19
	=	18.30 %

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

Prince Pipes And Fittings (BOM:542907) 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.

Prince Pipes And Fittings ROCE % Related Terms

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Prince Pipes And Fittings (BOM:542907) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prince Pipes And Fittings Ltd (BOM:542907) » Definitions » ROCE %

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PRINCEPIPE:India

Address

29, Senapati Bapat Marg (Tulsi Pipe Road), 8th Floor, The Ruby, Dadar (West), Mumbai, MH, IND, 400 028

Website

https://www.princepipes.com

Prince Pipes And Fittings Ltd is a manufacturer of polymer pipes and fittings. The company manufactures polymer pipes using four different polymers: UPVC; CPVC; PPR; and HDPE, and fittings using three different polymers: UPVC; CPVC; and PPR. It markets its products under two brand names: Prince Piping Systems; and Trubore. The company's products are used for various applications in plumbing, irrigation, and soil, waste and rainwater management in both rural and urban areas.

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