A & M Jumbo Bags (NSE:AMJUMBO) ROCE % : -12.38% (As of Mar. 2023)

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What is A & M Jumbo Bags 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. A & M Jumbo Bags's annualized ROCE % for the quarter that ended in Mar. 2023 was -12.38%.

A & M Jumbo Bags ROCE % Historical Data

The historical data trend for A & M Jumbo Bags'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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A & M Jumbo Bags ROCE % Chart

A & M Jumbo Bags Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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18.00

5.10

3.53

-1.44

-12.38

A & M Jumbo Bags Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
ROCE %	Get a 7-Day Free Trial						18.00	5.10	3.53	-1.44	-12.38

A & M Jumbo Bags ROCE % Calculation

A & M Jumbo Bags'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 )
	=	-17.984	/	( ( (181.589 - 27.498)	+	(163.946 - 27.607) )	/ 2 )
	=	-17.984	/	( (154.091	+	136.339)	/ 2 )
	=	-17.984	/	145.215
	=	-12.38 %

A & M Jumbo Bags'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: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	-17.984	/	( ( (181.589 - 27.498)	+	(163.946 - 27.607) )	/ 2 )
	=	-17.984	/	( ( 154.091	+	136.339 )	/ 2 )
	=	-17.984	/	145.215
	=	-12.38 %

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

A & M Jumbo Bags (NSE:AMJUMBO) 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.

A & M Jumbo Bags ROCE % Related Terms

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A & M Jumbo Bags (NSE:AMJUMBO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » A & M Jumbo Bags Ltd (NSE:AMJUMBO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silver Oak College Road, Office No. 403, Fourth Floor, Money Plant Business, Near Bhavik Publication, Gota, Gandhinagar, Ahmedabad, GJ, IND, 382481

Website

https://www.aandmjumbobags.com

A & M Jumbo Bags Ltd is a company engaged in manufacturing and exporting an extensive range of FIBC, Bulk Bags, and Jumbo Bags that are available in various sizes and are offered to various industries such as fertilizer, cement, sand, food grains, sugar, cattle feed, fish meal, pulses, spices, dates, agro products, minerals, resin, polymers, rubber and many more.

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