Premier Roadlines (NSE:PRLIND) ROCE % : 27.51% (As of Sep. 2024)

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What is Premier Roadlines 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. Premier Roadlines's annualized ROCE % for the quarter that ended in Sep. 2024 was 27.51%.

Premier Roadlines ROCE % Historical Data

The historical data trend for Premier Roadlines'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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Premier Roadlines ROCE % Chart

Premier Roadlines Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

22.43

33.39

39.73

Premier Roadlines Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
ROCE %	-	-	-	42.01	27.51

Premier Roadlines ROCE % Calculation

Premier Roadlines'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 )
	=	122.399	/	( ( (514.462 - 272.695)	+	(741.076 - 366.676) )	/ 2 )
	=	122.399	/	( (241.767	+	374.4)	/ 2 )
	=	122.399	/	308.0835
	=	39.73 %

Premier Roadlines'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: Sep. 2023 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Sep. 2023 )		(Q: Sep. 2024 )
	=	161.024	/	( ( (744.446 - 375.302)	+	(971.072 - 169.695) )	/ 2 )
	=	161.024	/	( ( 369.144	+	801.377 )	/ 2 )
	=	161.024	/	585.2605
	=	27.51 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Premier Roadlines (NSE:PRLIND) 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.

Premier Roadlines ROCE % Related Terms

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Premier Roadlines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Premier Roadlines Ltd (NSE:PRLIND) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 501, 5th Floor, Plot No. 4B, Tower A, Nextra, Mayur Vihar, Phase-I Extension, East Delhi, Delhi, IND, 110091

Website

https://www.prlindia.com

Premier Roadlines Ltd is engaged in providing logistics solutions to businesses, particularly surface transportation of goods. It is a goods transport agency providing general transport services, project logistics, and over-dimensional/overweight contracted integrated logistics services General Logistics. It mainly serves B2B customers under the Contract Logistics division. Its services are Project Transportation, Over Dimensional Cargo, Integrated Logistics Services, Fleet Rentals, Break Bulk, and Value Added Services. It operates in Transport operations as a single segment.

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