JCT (BOM:500223) ROC %: -13.62% (As of Jun. 2023)

What is JCT ROC %?

JCT BOM:500223 4 ROC % is -13.62% as of Jun. 2023. GuruFocus rates BOM:500223 with a GF Score™ of 4/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. JCT's annualized return on capital (ROC %) for the quarter that ended in Jun. 2023 was -13.62%.

As of today (2026-07-04), JCT's WACC % is 0.00%. JCT's ROC % is 0.00% (calculated using TTM income statement data). JCT earns returns that do not match up to its cost of capital. It will destroy value as it grows.

JCT (BOM:500223) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, JCT's WACC % is 0.00%. JCT's ROC % is 0.00% (calculated using TTM income statement data). JCT earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

JCT ROC % Related Terms

JCT ROC % Historical Data

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The historical data trend for JCT's ROC % 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.

JCT ROC % Chart

JCT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROC %

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1.68

-2.05

6.78

2.46

-6.62

JCT Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROC %	Get a 7-Day Free Trial															2.01	-7.45	-7.69	-12.24	-13.62

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JCT Ltd BOM:500223

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JCT ROC % Calculation

JCT's annualized Return on Capital (ROC %) for the fiscal year that ended in Mar. 2023 is calculated as:

	ROC % (A: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Mar. 2022 )	+	Invested Capital (A: Mar. 2023 ))	/ count )
=	-541.006 * ( 1 - 0% )	/	( (7881.819	+	8470.59)	/ 2 )
=	-541.006	/	8176.2045
=	-6.62 %

where

	Invested Capital		(A: Mar. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8601.073	-	1649.97	-	( 9.013	-	max(0, 3748.281	-	2817.565	+	9.013	))
=	7881.819

	Invested Capital		(A: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8076.354	-	1661.416	-	( 2.83	-	max(0, 4423.663	-	2368.011	+	2.83	))
=	8470.59

JCT's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	-1153.6 * ( 1 - 0% )	/	( (8470.59	+	0)	/ 1 )
=	-1153.6	/	8470.59
=	-13.62 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	8076.354	-	1661.416	-	( 2.83	-	max(0, 4423.663	-	2368.011	+	2.83	))
=	8470.59

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0	-	( 0	-	max(0, 0	-	0	+	0	))
=	0

Note: The Operating Income data used here is four times the quarterly (Jun. 2023) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -13.62% mean?

JCT (BOM:500223) has a ROC % of -13.62% as of Jun. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on JCT and its competitors.

Is JCT's ROC % too high?

JCT's current ROC % is -13.62%. Overall, JCT has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does JCT's ROC % compare to AIN?

JCT's ROC % of -13.62% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROC % is 2.91. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Manufacturing - Apparel & Accessories company?

The median ROC % among Manufacturing - Apparel & Accessories companies is 2.91, based on 1,045 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on JCT and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROC % is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JCT's current ROC % is -13.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is JCT stock overvalued right now?

JCT (BOM:500223) has a current ROC % of -13.62%. The current ROC % is -13.62%. JCT's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For JCT (BOM:500223), the current ROC % is -13.62% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

JCT Business Description

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies BOM:590025 BOM:540396 BOM:500220 NSE:UNITEDPOLY NSE:SHRITECH BOM:514450 BOM:532893 BOM:514138 BOM:514142 BOM:514045 HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN

Address 601, Prabhat Kiran, 17th Rajendra Place, New Delhi, IND, 110008

Website https://www.jct.co.in

JCT Ltd is engaged in the manufacture of textiles and man-made fibers (nylon filament yarns). The company operates through two segments: Textiles and Filament yarn. The products considered as a part of the Textile segment are cloth and yarn and the products considered as a part of the Filament segment are nylon yarn and chips. The company generates maximum revenue from the Textile segment.

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