Pattech Fitwell Tube Components (NSE:PATTECH) ROCE % : 9.15% (As of Sep. 2023)

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What is Pattech Fitwell Tube Components 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. Pattech Fitwell Tube Components's annualized ROCE % for the quarter that ended in Sep. 2023 was 9.15%.

Pattech Fitwell Tube Components ROCE % Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components ROCE % Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

ROCE %

7.13

7.46

18.12

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
ROCE %	-	-	-	9.15

Pattech Fitwell Tube Components ROCE % Calculation

Pattech Fitwell Tube Components's annualized ROCE % for the fiscal year that ended in Mar. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2022 )		(A: Mar. 2021 )		(A: Mar. 2022 )
	=	24.419	/	( ( (138.666 - 47.95)	+	(253.038 - 74.255) )	/ 2 )
	=	24.419	/	( (90.716	+	178.783)	/ 2 )
	=	24.419	/	134.7495
	=	18.12 %

Pattech Fitwell Tube Components's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2022 )		(Q: Sep. 2023 )
	=	20.27	/	( ( (253.038 - 74.255)	+	(307.139 - 42.679) )	/ 2 )
	=	20.27	/	( ( 178.783	+	264.46 )	/ 2 )
	=	20.27	/	221.6215
	=	9.15 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components ROCE % Related Terms

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Pattech Fitwell Tube Components (NSE:PATTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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