Jagjanani Textiles (BOM:532825) ROCE % : -38.28% (As of Dec. 2023)

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What is Jagjanani Textiles 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. Jagjanani Textiles's annualized ROCE % for the quarter that ended in Dec. 2023 was -38.28%.

Jagjanani Textiles ROCE % Historical Data

The historical data trend for Jagjanani Textiles'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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Jagjanani Textiles ROCE % Chart

Jagjanani Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-90.16

-14.04

Jagjanani Textiles 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															45.52	133.94	14,191.49	-79.08	-38.28

Jagjanani Textiles ROCE % Calculation

Jagjanani Textiles'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 )
	=	-0.084	/	( ( (2.665 - 2.573)	+	(2.661 - 1.556) )	/ 2 )
	=	-0.084	/	( (0.092	+	1.105)	/ 2 )
	=	-0.084	/	0.5985
	=	-14.04 %

Jagjanani Textiles'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 )
	=	-0.732	/	( ( (2.158 - 0.246)	+	(0 - 0) )	/ 1 )
	=	-0.732	/	( ( 1.912	+	0 )	/ 1 )
	=	-0.732	/	1.912
	=	-38.28 %

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

Jagjanani Textiles (BOM:532825) 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.

Jagjanani Textiles ROCE % Related Terms

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Jagjanani Textiles (BOM:532825) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jagjanani Textiles Ltd (BOM:532825) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

SCOs 33-34, RIICO Shopping Complex, Bagru Extn-I, Bagru, Jaipur, RJ, IND, 303007

Website

http://www.jagjanani.com

Jagjanani Textiles Ltd is an India based company engaged in the manufacturing and Trading of cotton and blended fabric. The company provides open end yarn for denim; amsler slub open end yarn; soft yarn for towels; waxed yarn for knits, and two for one (TFO) doubled yarn from its spinning section. Its weaving section provides product basket, which includes Ducks, Drills, Twills, Canvas and Tussor. The company caters to the demand for Quality Yarns and Fabrics for Indian and Export markets.

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