Pyxis Finvest (BOM:534109) ROCE % : 11.58% (As of Mar. 2023)

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What is Pyxis Finvest 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. Pyxis Finvest's annualized ROCE % for the quarter that ended in Mar. 2023 was 11.58%.

Pyxis Finvest ROCE % Historical Data

The historical data trend for Pyxis Finvest'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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Pyxis Finvest ROCE % Chart

Pyxis Finvest Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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11.51

1.71

7.02

10.37

11.62

Pyxis Finvest Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial															92.28	10.96	10.21	11.78	11.58

Pyxis Finvest ROCE % Calculation

Pyxis Finvest'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 )
	=	21.026	/	( ( (173.402 - 0.837)	+	(189.551 - 0.202) )	/ 2 )
	=	21.026	/	( (172.565	+	189.349)	/ 2 )
	=	21.026	/	180.957
	=	11.62 %

Pyxis Finvest's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	21.34	/	( ( (179.303 - 0.09)	+	(189.551 - 0.202) )	/ 2 )
	=	21.34	/	( ( 179.213	+	189.349 )	/ 2 )
	=	21.34	/	184.281
	=	11.58 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2023) EBIT data.

Pyxis Finvest (BOM:534109) 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.

Pyxis Finvest ROCE % Related Terms

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Pyxis Finvest (BOM:534109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pyxis Finvest Ltd (BOM:534109) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Vidyanagari Marg, CST Road, Level 9 (Unit 801), Centrum House, Kalina, Santacruz (East), Mumbai, MH, IND, 400098

Website

https://www.pyxisfinvest.com

Pyxis Finvest Ltd is an India-based non-banking financial company. It is engaged in rendering non-mortgage loan services mainly for business purposes. In addition, it is also involved in granting loans to individuals. The company also offers loans against securities and provides financing facilities for application in initial public offerings (IPOs) and follow-on public offerings (FPOs).

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