Punjab Communications (BOM:500346) ROCE % : 205.01% (As of Mar. 2024)

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What is Punjab Communications 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. Punjab Communications's annualized ROCE % for the quarter that ended in Mar. 2024 was 205.01%.

Punjab Communications ROCE % Historical Data

The historical data trend for Punjab Communications'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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Punjab Communications ROCE % Chart

Punjab Communications Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-17.21

-21.54

-30.70

-52.67

40.80

Punjab Communications 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															3.01	-54.12	-7.79	-17.44	205.01

Punjab Communications ROCE % Calculation

Punjab Communications'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 )
	=	106.479	/	( ( (789.534 - 560.838)	+	(819.916 - 526.692) )	/ 2 )
	=	106.479	/	( (228.696	+	293.224)	/ 2 )
	=	106.479	/	260.96
	=	40.80 %

Punjab Communications'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 )
	=	601.132	/	( ( (0 - 0)	+	(819.916 - 526.692) )	/ 1 )
	=	601.132	/	( ( 0	+	293.224 )	/ 1 )
	=	601.132	/	293.224
	=	205.01 %

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

Punjab Communications (BOM:500346) 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.

Punjab Communications ROCE % Related Terms

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Punjab Communications (BOM:500346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Punjab Communications Ltd (BOM:500346) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-91, Phase-VIII, Industrial Area, S.A.S. Nagar, Mohali, PB, IND, 160071

Website

http://www.puncom.com

Punjab Communications Ltd is engaged in the business of manufacturing telecom products. It is a manufacturer and supplier of telecommunication and information technology (IT) equipment and solutions. The company deals with Power Line Carrier Communication (PLCC), V-Mux, Voice/Data Multiplexers, and Power Plant. It caters to the telecommunications, networking, and broadband needs of main organizations in the country including BSNL, Railways, Power sector, Defense, Private sector, Private service operators, and corporates.

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