Manoj Vaibhav Gems N Jewellers (BOM:543995) ROCE % : 26.44% (As of Mar. 2024)

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What is Manoj Vaibhav Gems N Jewellers 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. Manoj Vaibhav Gems N Jewellers's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.44%.

Manoj Vaibhav Gems N Jewellers ROCE % Historical Data

The historical data trend for Manoj Vaibhav Gems N Jewellers'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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Manoj Vaibhav Gems N Jewellers ROCE % Chart

Manoj Vaibhav Gems N Jewellers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

25.62

20.72

25.60

31.46

26.44

Manoj Vaibhav Gems N Jewellers Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
ROCE %	25.62	20.72	25.60	31.46	26.44

Manoj Vaibhav Gems N Jewellers ROCE % Calculation

Manoj Vaibhav Gems N Jewellers'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 )
	=	1532.23	/	( ( (10778.57 - 6007.05)	+	(13992.86 - 7172.11) )	/ 2 )
	=	1532.23	/	( (4771.52	+	6820.75)	/ 2 )
	=	1532.23	/	5796.135
	=	26.44 %

Manoj Vaibhav Gems N Jewellers'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: Mar. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Mar. 2023 )		(Q: Mar. 2024 )
	=	1532.23	/	( ( (10778.57 - 6007.05)	+	(13992.86 - 7172.11) )	/ 2 )
	=	1532.23	/	( ( 4771.52	+	6820.75 )	/ 2 )
	=	1532.23	/	5796.135
	=	26.44 %

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

Manoj Vaibhav Gems N Jewellers (BOM:543995) 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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Manoj Vaibhav Gems N Jewellers (BOM:543995) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Manoj Vaibhav Gems N Jewellers Ltd (BOM:543995) » Definitions » ROCE %

Traded in Other Exchanges

MVGJL:India

Address

D. No:- 47-10-19, 2nd Lane, Dwarakanagar, Visakhapatnam, AP, IND, 530016

Website

https://www.vaibhavjewellers.com

Manoj Vaibhav Gems N Jewellers Ltd is a leading regional jewellery brand in South India led by a first-generation woman entrepreneur. It is a hyperlocal jewellery retail chain with a presence in the micro markets of Andhra Pradesh & Telangana with 13 showrooms (inclusive of two franchisee showrooms) across 8 towns and 2 cities. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a strong rural market focus and a dedicated urban focus also. The company positioned itself as a retailer focussed on Relationships, by Design where it focuses on offering designs, high quality, transparency and customer service to its customers.

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