PIX Transmissions (NSE:PIXTRANS) ROCE % : 22.45% (As of Mar. 2024)

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What is PIX Transmissions 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. PIX Transmissions's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.45%.

PIX Transmissions ROCE % Historical Data

The historical data trend for PIX Transmissions'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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PIX Transmissions ROCE % Chart

PIX Transmissions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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16.49

28.79

24.98

19.96

21.81

PIX Transmissions 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															22.03	18.67	22.59	24.37	22.45

PIX Transmissions ROCE % Calculation

PIX Transmissions'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 )
	=	1154.714	/	( ( (5747.929 - 821.123)	+	(6368.618 - 708.649) )	/ 2 )
	=	1154.714	/	( (4926.806	+	5659.969)	/ 2 )
	=	1154.714	/	5293.3875
	=	21.81 %

PIX Transmissions'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 )
	=	1270.52	/	( ( (0 - 0)	+	(6368.618 - 708.649) )	/ 1 )
	=	1270.52	/	( ( 0	+	5659.969 )	/ 1 )
	=	1270.52	/	5659.969
	=	22.45 %

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

PIX Transmissions (NSE:PIXTRANS) 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.

PIX Transmissions ROCE % Related Terms

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PIX Transmissions (NSE:PIXTRANS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PIX Transmissions Ltd (NSE:PIXTRANS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

500333:India

Address

One BKC, Bandra-Kurla Complex, 12th Floor, Unit No. 1208, B Wing, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.pixtrans.com

PIX Transmissions Ltd is engaged in the manufacturing of belts and related mechanical power transmission products in India. The company offers belt products for various sectors such as industrial, agricultural, lawn and garden, automotive, and special application. It also offers other belts such as Ribbed / Poly-V Belts, Banded Belts, Industrial Belts, Agriculture Belts and Other.

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