Popular Estate Management (BOM:531870) ROCE % : -1.17% (As of Dec. 2023)

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What is Popular Estate Management 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. Popular Estate Management's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.17%.

Popular Estate Management ROCE % Historical Data

The historical data trend for Popular Estate Management'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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Popular Estate Management ROCE % Chart

Popular Estate Management Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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4.62

-2.17

-1.55

-1.33

-1.71

Popular Estate Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.06	-1.23	-2.42	-0.77	-1.17

Popular Estate Management ROCE % Calculation

Popular Estate Management's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-8.767	/	( ( (519.948 - 2.722)	+	(514.162 - 3.545) )	/ 2 )
	=	-8.767	/	( (517.226	+	510.617)	/ 2 )
	=	-8.767	/	513.9215
	=	-1.71 %

Popular Estate Management's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-5.936	/	( ( (512.956 - 4.193)	+	(0 - 0) )	/ 1 )
	=	-5.936	/	( ( 508.763	+	0 )	/ 1 )
	=	-5.936	/	508.763
	=	-1.17 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Popular Estate Management (BOM:531870) 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.

Popular Estate Management ROCE % Related Terms

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Popular Estate Management (BOM:531870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Popular Estate Management Ltd (BOM:531870) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

S.G. Highway, Thaltej, 81, 8th Floor, A Wing, New York Tower, Opposite Muktidham Derasar, Ahmedabad, GJ, IND, 380054

Website

https://www.popularestatemanagement.in

Popular Estate Management Ltd is an India-based real estate company. The firm is engaged in construction and engineering activities. The company's project include Residential and commercial properties.

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