Peninsula Land (BOM:503031) ROCE % : 26.97% (As of Mar. 2024)

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What is Peninsula Land 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. Peninsula Land's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.97%.

Peninsula Land ROCE % Historical Data

The historical data trend for Peninsula Land'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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Peninsula Land ROCE % Chart

Peninsula Land Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-20.92

32.55

1,118.05

51.57

Peninsula Land 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															178.47	221.53	33.91	76.40	26.97

Peninsula Land ROCE % Calculation

Peninsula Land'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 )
	=	1668.2	/	( ( (12063.8 - 10750.2)	+	(10013.5 - 4857.5) )	/ 2 )
	=	1668.2	/	( (1313.6	+	5156)	/ 2 )
	=	1668.2	/	3234.8
	=	51.57 %

Peninsula Land'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 )
	=	1390.8	/	( ( (0 - 0)	+	(10013.5 - 4857.5) )	/ 1 )
	=	1390.8	/	( ( 0	+	5156 )	/ 1 )
	=	1390.8	/	5156
	=	26.97 %

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

Peninsula Land (BOM:503031) 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.

Peninsula Land ROCE % Related Terms

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Peninsula Land (BOM:503031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Peninsula Land Ltd (BOM:503031) » Definitions » ROCE %

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PENINLAND:India

Address

Ganpatrao Kadam Marg, 503, 5th Floor, Peninsula Tower-1, Peninsula Corporate Park, Lower Parel west, Mumbai, MH, IND, 400013

Website

https://www.peninsula.co.in

Peninsula Land Ltd is a real estate development company. The Company is primarily engaged in the business of real estate development which is recognised as the sole business segment. Its projects portfolio includes retail ventures, commercial / IT park projects and residential complexes. The company carries out its activities through its own development, subsidiaries, associates, joint ventures and joint development with third parties. Its projects include Peninsula Corporate Park, Peninsula Techno Park and Peninsula Business Park, Ashok Gardens and Ashok Towers. Its segment consists of real estate development business with the focus area in Mumbai, Pune, Nashik and Bengaluru. The company derives its income from renting properties held by it.

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