Jullundur Motor Agency (Delhi) (NSE:JMA) ROCE % : 12.48% (As of Dec. 2023)

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What is Jullundur Motor Agency (Delhi) 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. Jullundur Motor Agency (Delhi)'s annualized ROCE % for the quarter that ended in Dec. 2023 was 12.48%.

Jullundur Motor Agency (Delhi) ROCE % Historical Data

The historical data trend for Jullundur Motor Agency (Delhi)'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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Jullundur Motor Agency (Delhi) ROCE % Chart

Jullundur Motor Agency (Delhi) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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15.23

11.47

18.45

16.27

16.12

Jullundur Motor Agency (Delhi) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															16.78	22.27	9.58	10.87	12.48

Jullundur Motor Agency (Delhi) ROCE % Calculation

Jullundur Motor Agency (Delhi)'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 )
	=	317.418	/	( ( (2703.703 - 849.936)	+	(2939.683 - 855.234) )	/ 2 )
	=	317.418	/	( (1853.767	+	2084.449)	/ 2 )
	=	317.418	/	1969.108
	=	16.12 %

Jullundur Motor Agency (Delhi)'s ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	268.6	/	( ( (2887.099 - 734.344)	+	(0 - 0) )	/ 1 )
	=	268.6	/	( ( 2152.755	+	0 )	/ 1 )
	=	268.6	/	2152.755
	=	12.48 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jullundur Motor Agency (Delhi) (NSE:JMA) 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.

Jullundur Motor Agency (Delhi) ROCE % Related Terms

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Jullundur Motor Agency (Delhi) (NSE:JMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jullundur Motor Agency (Delhi) Ltd (NSE:JMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

458-1/16, Sohna Road, Opposite New Court, Gurugram, HR, IND, 122001

Website

https://www.jmaindia.com

Jullundur Motor Agency (Delhi) Ltd operates in the auto components industry and is engaged in the distribution of automobile parts, accessories, and petroleum products across India. It offers products that include brakes, bearings, clutches, cooling systems, engine components, suspension, power steering, oil & lubricants, filters, and others. The operating segment of the company is Automobile parts & Accessories in India.

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