Jainex Aamcol (BOM:505212) ROCE % : 30.23% (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Jainex Aamcol 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. Jainex Aamcol's annualized ROCE % for the quarter that ended in Mar. 2024 was 30.23%.

Jainex Aamcol ROCE % Historical Data

The historical data trend for Jainex Aamcol'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.

* Premium members only.

Jainex Aamcol ROCE % Chart

Jainex Aamcol Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

-3.47

6.87

38.17

28.97

15.87

Jainex Aamcol 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															16.16	12.43	23.02	-1.72	30.23

Jainex Aamcol ROCE % Calculation

Jainex Aamcol'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 )
	=	11.856	/	( ( (148.44 - 71.193)	+	(161.414 - 89.289) )	/ 2 )
	=	11.856	/	( (77.247	+	72.125)	/ 2 )
	=	11.856	/	74.686
	=	15.87 %

Jainex Aamcol'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 )
	=	21.804	/	( ( (0 - 0)	+	(161.414 - 89.289) )	/ 1 )
	=	21.804	/	( ( 0	+	72.125 )	/ 1 )
	=	21.804	/	72.125
	=	30.23 %

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

Jainex Aamcol (BOM:505212) 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.

Jainex Aamcol ROCE % Related Terms

Thank you for viewing the detailed overview of Jainex Aamcol's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jainex Aamcol (BOM:505212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jainex Aamcol Ltd (BOM:505212) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

405/406, Sharda Chambers, New Marine Lines, Mumbai, MH, IND, 400 020

Website

https://www.jainexaamcol.com

Jainex Aamcol Ltd is a manufacturer of gear hobs, special cutting tools, inspection tools, and precision accessories. The operating segments of the company are Gear Cutting that is gear hobs, which constitute the key revenue driver; Milling Cutters; and Spline Gauges. It sells its products under the Aamcol brand. The company caters to a wide range of customers such as automobile industries, industrial and special gearbox manufacturers, machine tool manufacturers, and many others.

Jainex Aamcol (BOM:505212) Headlines

No Headlines