PB Fintech (BOM:543390) ROCE % : 2.96% (As of Dec. 2023)

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What is PB Fintech 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. PB Fintech's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.96%.

PB Fintech ROCE % Historical Data

The historical data trend for PB Fintech'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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PB Fintech ROCE % Chart

PB Fintech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

-58.48

-29.21

-7.49

-21.33

-8.27

PB Fintech Quarterly Data
	Mar19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial											-5.85	-0.22	-0.37	-0.96	2.96

PB Fintech ROCE % Calculation

PB Fintech'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 )
	=	-4665.958	/	( ( (59154.849 - 3373.9)	+	(62540.249 - 5509.157) )	/ 2 )
	=	-4665.958	/	( (55780.949	+	57031.092)	/ 2 )
	=	-4665.958	/	56406.0205
	=	-8.27 %

PB Fintech'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 )
	=	1746.832	/	( ( (64271.246 - 5207.315)	+	(0 - 0) )	/ 1 )
	=	1746.832	/	( ( 59063.931	+	0 )	/ 1 )
	=	1746.832	/	59063.931
	=	2.96 %

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

PB Fintech (BOM:543390) 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.

PB Fintech ROCE % Related Terms

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PB Fintech (BOM:543390) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PB Fintech Ltd (BOM:543390) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

POLICYBZR:India

Address

Plot No. 119, Sector 44, Gurgaon, HR, IND, 122 001

Website

https://www.pbfintech.in

PB Fintech Ltd is an online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. The group earns its entire revenue within India only. The company has two operating segments Insurance services segment and the Other services segment. The company generates the majority of its revenue from the Other services segment, which consists of online marketing, consulting and support services provided largely to the financial service industry. The Insurance services segment consists of Insurance Broker services provided by the Group.

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