Phantom Digital Effects (NSE:PHANTOMFX) ROCE % : 41.38% (As of Sep. 2023)

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What is Phantom Digital Effects 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. Phantom Digital Effects's annualized ROCE % for the quarter that ended in Sep. 2023 was 41.38%.

Phantom Digital Effects ROCE % Historical Data

The historical data trend for Phantom Digital Effects's ROCE % can be seen below:

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Phantom Digital Effects ROCE % Chart

Phantom Digital Effects Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

ROCE %

44.56

9.88

136.85

84.23

Phantom Digital Effects Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			236.81	170.94	-	71.62	41.38

Phantom Digital Effects ROCE % Calculation

Phantom Digital Effects'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 )
	=	222.81	/	( ( (150.552 - 85.059)	+	(630.893 - 167.305) )	/ 2 )
	=	222.81	/	( (65.493	+	463.588)	/ 2 )
	=	222.81	/	264.5405
	=	84.23 %

Phantom Digital Effects'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: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	234.824	/	( ( (0 - 0)	+	(965.399 - 397.884) )	/ 1 )
	=	234.824	/	( ( 0	+	567.515 )	/ 1 )
	=	234.824	/	567.515
	=	41.38 %

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

Phantom Digital Effects (NSE:PHANTOMFX) 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.

Phantom Digital Effects ROCE % Related Terms

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Phantom Digital Effects (NSE:PHANTOMFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Phantom Digital Effects Ltd (NSE:PHANTOMFX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Main Road, 6th Floor, Tower B, Kosmo One Tech Park, Plot No.14, Ambattur, Chennai, TN, IND, 600058

Website

https://www.phantom-fx.com

Phantom Digital Effects Ltd is a certified trusted partner network (TPN) company, full-fledged creative VFX studio, based in India with offices operating in US and Canada. As a TPN Certified studio, PhantomFX offers a wide range of VFX services. The company's specializations include: Completing a Shot with final compositing, Creating 3D elements, photoreal creatures, and environments, Rig/Wire removal, paint cleanup, rotoscopy, 3D matchmove, 3D animation (storyboard, animation), Pre-visualization Game cinematics, Fire / water Fx and other natural phenomena 3D ride animation.

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