Popees Cares (BOM:530565) ROCE % : -4.27% (As of Dec. 2023)

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What is Popees Cares 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. Popees Cares's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.27%.

Popees Cares ROCE % Historical Data

The historical data trend for Popees Cares'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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Popees Cares ROCE % Chart

Popees Cares Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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0.51

-0.68

-3.45

-5.13

-4.60

Popees Cares Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-2.77	-2.57	-5.35	-3.41	-4.27

Popees Cares ROCE % Calculation

Popees Cares'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 )
	=	-1.21	/	( ( (27.037 - 0.117)	+	(25.938 - 0.228) )	/ 2 )
	=	-1.21	/	( (26.92	+	25.71)	/ 2 )
	=	-1.21	/	26.315
	=	-4.60 %

Popees Cares'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 )
	=	-1.06	/	( ( (25.13 - 0.147)	+	(24.744 - 0.026) )	/ 2 )
	=	-1.06	/	( ( 24.983	+	24.718 )	/ 2 )
	=	-1.06	/	24.8505
	=	-4.27 %

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

Popees Cares (BOM:530565) 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.

Popees Cares ROCE % Related Terms

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Popees Cares (BOM:530565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Popees Cares Ltd (BOM:530565) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 3, First Main Road, Land Marvel Nest, 1st Floor, Indira Nagar, Adyar, Chennai, TN, IND, 600020

Website

https://www.archanasoftware.com

Archana Software Ltd is engaged in textile manufacturing. The company generates the majority of its revenue from the sale of fabrics.

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