JTL Industries (BOM:534600) ROCE % : 20.09% (As of Mar. 2024)

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What is JTL Industries 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. JTL Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.09%.

JTL Industries ROCE % Historical Data

The historical data trend for JTL Industries'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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JTL Industries ROCE % Chart

JTL Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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30.44

39.16

55.17

40.70

25.86

JTL Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															53.90	49.35	34.36	34.40	20.09

JTL Industries ROCE % Calculation

JTL Industries'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 )
	=	1553.019	/	( ( (5634.566 - 1412.902)	+	(8434.915 - 647.727) )	/ 2 )
	=	1553.019	/	( (4221.664	+	7787.188)	/ 2 )
	=	1553.019	/	6004.426
	=	25.86 %

JTL Industries'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 )
	=	1564.64	/	( ( (0 - 0)	+	(8434.915 - 647.727) )	/ 1 )
	=	1564.64	/	( ( 0	+	7787.188 )	/ 1 )
	=	1564.64	/	7787.188
	=	20.09 %

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

JTL Industries (BOM:534600) 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.

JTL Industries ROCE % Related Terms

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JTL Industries (BOM:534600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » JTL Industries Ltd (BOM:534600) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JTLIND:India

Address

SCO 18-19, Sector 28-C, Chandigarh, PB, IND, 160 002

Website

https://www.jtlinfra.com

JTL Industries Ltd operates in the metal industry. The company manufactures and is involved in galvanized ERW Steel Pipes and Tubes, hollow sections, and structural steel extensively used in engineering and construction projects. Company has single reportable business segment i.e. manufacturing of iron/steel tubes, pipes and structures. The Company has a pan-India presence and is globally present in serving continents such as Europe, Africa, Asia, Australia and North America.

JTL Industries (BOM:534600) Headlines

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