Jay Ushin (BOM:513252) ROCE % : 20.66% (As of Dec. 2023)

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What is Jay Ushin 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. Jay Ushin's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.66%.

Jay Ushin ROCE % Historical Data

The historical data trend for Jay Ushin'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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Jay Ushin ROCE % Chart

Jay Ushin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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19.47

12.10

9.24

19.33

19.41

Jay Ushin 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															18.31	12.47	18.38	23.06	20.66

Jay Ushin ROCE % Calculation

Jay Ushin'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 )
	=	286.842	/	( ( (3427.801 - 2014.817)	+	(3592.043 - 2050.152) )	/ 2 )
	=	286.842	/	( (1412.984	+	1541.891)	/ 2 )
	=	286.842	/	1477.4375
	=	19.41 %

Jay Ushin'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 )
	=	324.8	/	( ( (3632.588 - 2060.502)	+	(0 - 0) )	/ 1 )
	=	324.8	/	( ( 1572.086	+	0 )	/ 1 )
	=	324.8	/	1572.086
	=	20.66 %

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

Jay Ushin (BOM:513252) 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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Jay Ushin (BOM:513252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jay Ushin Ltd (BOM:513252) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

GI-48, G.T. Karnal Road, Industrial Area, Delhi, IND, 110033

Website

https://www.jpmgroup.co.in

Jay Ushin Ltd is engaged in the business of automobile equipment. The company manufactures, purchases, and sells components such as Lock and Key Sets, Switches, Heater Control Panels (HVAC), and Door Latches for automobiles. The company operates through a single segment, namely, Manufacturing and Sale of Automobile Components. Geographically, the company operates in the domestic market as well as in the overseas markets, with the majority of the revenue being generated from the domestic market.

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