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Jay Jalaram Technologies (NSE:KORE) ROE % : 1.93% (As of Sep. 2023)


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What is Jay Jalaram Technologies ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Jay Jalaram Technologies's annualized net income for the quarter that ended in Sep. 2023 was ₹5 Mil. Jay Jalaram Technologies's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was ₹236 Mil. Therefore, Jay Jalaram Technologies's annualized ROE % for the quarter that ended in Sep. 2023 was 1.93%.

The historical rank and industry rank for Jay Jalaram Technologies's ROE % or its related term are showing as below:

NSE:KORE' s ROE % Range Over the Past 10 Years
Min: -26.74   Med: 14.61   Max: 71.68
Current: 8.43

During the past 5 years, Jay Jalaram Technologies's highest ROE % was 71.68%. The lowest was -26.74%. And the median was 14.61%.

NSE:KORE's ROE % is ranked better than
59.72% of 1090 companies
in the Retail - Cyclical industry
Industry Median: 5.69 vs NSE:KORE: 8.43

Jay Jalaram Technologies ROE % Historical Data

The historical data trend for Jay Jalaram Technologies's ROE % 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.

* Premium members only.

Jay Jalaram Technologies ROE % Chart

Jay Jalaram Technologies Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
ROE %
-26.74 10.24 71.68 15.04 14.61

Jay Jalaram Technologies Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
ROE % Get a 7-Day Free Trial 178.46 6.57 9.73 15.06 1.93

Competitive Comparison of Jay Jalaram Technologies's ROE %

For the Internet Retail subindustry, Jay Jalaram Technologies's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jay Jalaram Technologies's ROE % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jay Jalaram Technologies's ROE % distribution charts can be found below:

* The bar in red indicates where Jay Jalaram Technologies's ROE % falls into.



Jay Jalaram Technologies ROE % Calculation

Jay Jalaram Technologies's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=25.095/( (107.342+236.215)/ 2 )
=25.095/171.7785
=14.61 %

Jay Jalaram Technologies's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=4.57/( (236.215+236.267)/ 2 )
=4.57/236.241
=1.93 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.


Jay Jalaram Technologies  (NSE:KORE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=4.57/236.241
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(4.57 / 4376.75)*(4376.75 / 978.1745)*(978.1745 / 236.241)
=Net Margin %*Asset Turnover*Equity Multiplier
=0.1 %*4.4744*4.1406
=ROA %*Equity Multiplier
=0.45 %*4.1406
=1.93 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=4.57/236.241
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (4.57 / 5.718) * (5.718 / 37.158) * (37.158 / 4376.75) * (4376.75 / 978.1745) * (978.1745 / 236.241)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7992 * 0.1539 * 0.85 % * 4.4744 * 4.1406
=1.93 %

Note: The net income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Jay Jalaram Technologies ROE % Related Terms

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Jay Jalaram Technologies (NSE:KORE) Business Description

Traded in Other Exchanges
N/A
Address
Shilp Char Rasta, C. G. Road, Office No.103, Shail Mall, B/H. Girish Cold Drink, Navrangpura, Ahmedabad, GJ, IND, 380009
Jay Jalaram Technologies Ltd is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Apple, Samsung, Oppo, Realme, Nokia, Vivo, Xiaomi, Nokia, Redmi, Techno, One Plus, and Xiaomi. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Smart TVs, Air Conditioners, Fridges, Coolers, etc. from brands like TCL, Haier, Daikin, Voltas, Mi, Realme, OnePlus, Xiaomi, and Skytron. The company operates under the brand name Kore Mobile. The company operates in two segments; Electronic Gadgets and Electric Vehicles. The Majority of revenue is derived from the Trading of the Electronic Gadgets Segment.