Jain Irrigation Systems (BOM:500219) ROCE % : 8.40% (As of Mar. 2024)

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What is Jain Irrigation Systems 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. Jain Irrigation Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.40%.

Jain Irrigation Systems ROCE % Historical Data

The historical data trend for Jain Irrigation Systems'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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Jain Irrigation Systems ROCE % Chart

Jain Irrigation Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-4.97

1.58

6.99

5.27

7.80

Jain Irrigation Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.50	9.43	6.65	6.82	8.40

Jain Irrigation Systems ROCE % Calculation

Jain Irrigation Systems's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	5463.6	/	( ( (110034.35 - 42144.91)	+	(111976.7 - 39780.3) )	/ 2 )
	=	5463.6	/	( (67889.44	+	72196.4)	/ 2 )
	=	5463.6	/	70042.92
	=	7.80 %

Jain Irrigation Systems's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	6067.6	/	( ( (0 - 0)	+	(111976.7 - 39780.3) )	/ 1 )
	=	6067.6	/	( ( 0	+	72196.4 )	/ 1 )
	=	6067.6	/	72196.4
	=	8.40 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Jain Irrigation Systems (BOM:500219) 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.

Jain Irrigation Systems ROCE % Related Terms

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Jain Irrigation Systems (BOM:500219) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Jain Irrigation Systems Ltd (BOM:500219) » Definitions » ROCE %

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JISLJALEQS:India JISLDVREQS:India 570004:India

Address

National Highway No. 6, Jain Plastic Park, P.O.Box 72, Bambhori, Jalgaon, MH, IND, 425001

Website

https://www.jains.com

Jain Irrigation Systems Ltd is engaged in diversified business. The company's operating segment includes Hi-tech Agri Input Product; Plastic; Agro-Processing; and Other Business Division. It generates maximum revenue from the Hi-tech Agri Input Product Division segment. The Hi-tech Agri Input Products segment includes Micro and Sprinkler Irrigation, Solar Agri Pump, Integrated Irrigation Projects, and Tissue Culture plants. The Plastic Division segment includes PVC piping products, PE piping products, Piping projects, and Plastic sheets. Geographically, it derives a majority of its revenue from India and also has a presence in Europe; North America, and the rest of the world.

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