Photon Capital Advisors (BOM:509084) ROCE % : 9.21% (As of Sep. 2024)

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What is Photon Capital Advisors 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. Photon Capital Advisors's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.21%.

Photon Capital Advisors ROCE % Historical Data

The historical data trend for Photon Capital Advisors'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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Photon Capital Advisors ROCE % Chart

Photon Capital Advisors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-3.97

-0.20

18.14

-3.02

2.98

Photon Capital Advisors Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-0.11	-0.14	10.47	-6.77	9.21

Photon Capital Advisors ROCE % Calculation

Photon Capital Advisors'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 )
	=	2.761	/	( ( (102.669 - 0.325)	+	(83.312 - 0.605) )	/ 2 )
	=	2.761	/	( (102.344	+	82.707)	/ 2 )
	=	2.761	/	92.5255
	=	2.98 %

Photon Capital Advisors's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	7.664	/	( ( (0 - 0)	+	(83.584 - 0.377) )	/ 1 )
	=	7.664	/	( ( 0	+	83.207 )	/ 1 )
	=	7.664	/	83.207
	=	9.21 %

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

Photon Capital Advisors (BOM:509084) 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.

Photon Capital Advisors ROCE % Related Terms

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Photon Capital Advisors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Photon Capital Advisors Ltd (BOM:509084) » Definitions » ROCE %

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Address

Road No. 9, Jubilee Hills, Plot No. 90-A, Hyderabad, TG, IND, 500 033

Website

https://www.pcalindia.com

Photon Capital Advisors Ltd is an adviser to hedge funds, family offices, high net worth individuals, and investment partnerships that invest in India. It aims to generate superior returns by guiding investments across asset classes including equities, equity derivatives, index derivatives, debt, commodities, and real estate. The company also manages proprietary funds which are presently closed to external investors. The company generates maximum revenue from the sale of Investments.

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