Phoenix Township (BOM:537839) ROCE % : 174.29% (As of Mar. 2024)

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What is Phoenix Township 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. Phoenix Township's annualized ROCE % for the quarter that ended in Mar. 2024 was 174.29%.

Phoenix Township ROCE % Historical Data

The historical data trend for Phoenix Township'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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Phoenix Township ROCE % Chart

Phoenix Township Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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5.16

-2.34

3.70

6.81

81.10

Phoenix Township 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															6.50	6.52	4.66	9.24	174.29

Phoenix Township ROCE % Calculation

Phoenix Township'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 )
	=	1986.245	/	( ( (490.121 - 104.072)	+	(4623.097 - 111.145) )	/ 2 )
	=	1986.245	/	( (386.049	+	4511.952)	/ 2 )
	=	1986.245	/	2449.0005
	=	81.10 %

Phoenix Township'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 )
	=	7863.828	/	( ( (0 - 0)	+	(4623.097 - 111.145) )	/ 1 )
	=	7863.828	/	( ( 0	+	4511.952 )	/ 1 )
	=	7863.828	/	4511.952
	=	174.29 %

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

Phoenix Township (BOM:537839) 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.

Phoenix Township ROCE % Related Terms

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Phoenix Township (BOM:537839) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Phoenix Township Ltd (BOM:537839) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

14, BEST Marg, Hede House, 2nd Floor, Balaji Bhavan, Colaba, Mumbai, MH, IND, 400 001

Website

https://www.hbgindia.com

Phoenix Township Ltd operates a hotel and hospitality business in India. It is principally engaged in providing services relating to the hotel business. The company's resort facilities include a swimming pool, a fitness center, an ayurvedic massage center, an efficient travel desk, and foreign exchange facilities. It generates substantial revenue from Hotel Operations-Room sales in India followed by Food & Beverages. The company operates in one business segment, which is the hotel industry, and one geographic segment, India.

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