Phoenix Mills (BOM:503100) ROCE % : 12.94% (As of Dec. 2023)

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What is Phoenix Mills 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. Phoenix Mills's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.94%.

Phoenix Mills ROCE % Historical Data

The historical data trend for Phoenix Mills'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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Phoenix Mills ROCE % Chart

Phoenix Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.19

9.75

4.19

5.72

14.67

Phoenix Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.04	11.45	12.21	11.73	12.94

Phoenix Mills ROCE % Calculation

Phoenix Mills'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 )
	=	20025.687	/	( ( (143347.078 - 20414.92)	+	(175892.006 - 25785.065) )	/ 2 )
	=	20025.687	/	( (122932.158	+	150106.941)	/ 2 )
	=	20025.687	/	136519.5495
	=	14.67 %

Phoenix Mills'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 )
	=	20823.74	/	( ( (186641.487 - 25734.831)	+	(0 - 0) )	/ 1 )
	=	20823.74	/	( ( 160906.656	+	0 )	/ 1 )
	=	20823.74	/	160906.656
	=	12.94 %

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

Phoenix Mills (BOM:503100) 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.

Phoenix Mills ROCE % Related Terms

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Phoenix Mills (BOM:503100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Phoenix Mills Ltd (BOM:503100) » Definitions » ROCE %

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PHOENIXLTD:India

Address

Off. Dr. E. Moses Road, R. R. Hosiery Building, 2nd Floor, Shree Laxmi Woollen Mills Estate, Mahalaxmi, Mumbai, MH, IND, 400 011

Website

https://www.thephoenixmills.com

Phoenix Mills Ltd is a real estate development company operating in India. The group's development strategy includes converting land underlying abandoned mills into modern, multi-use, integrated property. The group is involved in all aspects of development, including planning, construction, and marketing, as well as management, maintenance, and sales of the complete development. These properties include retail, hospitality, commercial, and residential complexes. The majority of the company's revenue is derived from license fees and rental income. Its segments comprise Property and related services segment that provide mall /office areas on a license basis and development of commercial/residential properties. The Hospitality segment engages in the operation of hotels and restaurants.

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