PGHL (Primega Group Holdings) ROCE % : 11.11% (As of Sep. 2024)

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What is Primega Group Holdings 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. Primega Group Holdings's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.11%.

Primega Group Holdings ROCE % Historical Data

The historical data trend for Primega Group Holdings'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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Primega Group Holdings ROCE % Chart

Primega Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

5.68

112.83

31.80

21.76

Primega Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial			48.16	15.54	23.69	21.28	11.11

Primega Group Holdings ROCE % Calculation

Primega Group Holdings'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 )
	=	1.549	/	( ( (11.66 - 5.27)	+	(13.368 - 5.519) )	/ 2 )
	=	1.549	/	( (6.39	+	7.849)	/ 2 )
	=	1.549	/	7.1195
	=	21.76 %

Primega Group Holdings'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	0.996	/	( ( (13.368 - 5.519)	+	(14.817 - 4.742) )	/ 2 )
	=	0.996	/	( ( 7.849	+	10.075 )	/ 2 )
	=	0.996	/	8.962
	=	11.11 %

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

Primega Group Holdings (NAS:PGHL) 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.

Primega Group Holdings ROCE % Related Terms

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Primega Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primega Group Holdings Ltd (NAS:PGHL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Tai Yau Street, Room 2912, 29 floor, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.primegagroup.com

Primega Group Holdings Ltd is engaged in transportation services. It operates in the Hong Kong construction industry, mainly handling the transportation of materials excavated from construction sites. Its services principally comprise (i) soil and rock transportation services; (ii) diesel oil trading; and (iii) construction works, which mainly include ELS works and bored piling. The company provide services as a subcontractor to other construction contractors in Hong Kong. Maximum revenue is generated from soil and rock transportation services.

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