Jayant Infratech (BOM:543544) ROCE % : 25.40% (As of Sep. 2023)

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What is Jayant Infratech 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. Jayant Infratech's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.40%.

Jayant Infratech ROCE % Historical Data

The historical data trend for Jayant Infratech'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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Jayant Infratech ROCE % Chart

Jayant Infratech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

11.98

18.55

16.69

22.77

24.55

Jayant Infratech Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			-	-	18.96	26.64	25.40

Jayant Infratech ROCE % Calculation

Jayant Infratech'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 )
	=	55.123	/	( ( (340.565 - 159.791)	+	(503.151 - 234.797) )	/ 2 )
	=	55.123	/	( (180.774	+	268.354)	/ 2 )
	=	55.123	/	224.564
	=	24.55 %

Jayant Infratech's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	71.724	/	( ( (503.151 - 234.797)	+	(502.711 - 206.278) )	/ 2 )
	=	71.724	/	( ( 268.354	+	296.433 )	/ 2 )
	=	71.724	/	282.3935
	=	25.40 %

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

Jayant Infratech (BOM:543544) 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.

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Jayant Infratech (BOM:543544) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jayant Infratech Ltd (BOM:543544) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mangal Smriti, Bajpai Ground, Tilak Nagar, Bilaspur, CT, IND, 495001

Website

https://www.jayantinfra.com

Jayant Infratech Ltd is engaged in the field of Railway Infrastructure Development involving the design, drawing supply, erection, and commissioning sector of India. It encompasses the electrification of new & existing Railway tracks. Its services include concept to commissioning of Railway Infrastructure right from design to energization. It has only one reportable Business Segment, which is the Sale of services relating to works contracts.

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