Jindal Hotels (BOM:507981) ROCE % : 16.69% (As of Mar. 2024)

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What is Jindal Hotels 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. Jindal Hotels's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.69%.

Jindal Hotels ROCE % Historical Data

The historical data trend for Jindal Hotels'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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Jindal Hotels ROCE % Chart

Jindal Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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7.30

-7.81

2.15

8.89

9.49

Jindal Hotels 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															11.14	6.07	1.07	14.59	16.69

Jindal Hotels ROCE % Calculation

Jindal Hotels'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 )
	=	69.849	/	( ( (866.098 - 122.949)	+	(819.458 - 90.178) )	/ 2 )
	=	69.849	/	( (743.149	+	729.28)	/ 2 )
	=	69.849	/	736.2145
	=	9.49 %

Jindal Hotels'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 )
	=	121.692	/	( ( (0 - 0)	+	(819.458 - 90.178) )	/ 1 )
	=	121.692	/	( ( 0	+	729.28 )	/ 1 )
	=	121.692	/	729.28
	=	16.69 %

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

Jindal Hotels (BOM:507981) 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.

Jindal Hotels ROCE % Related Terms

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Jindal Hotels (BOM:507981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jindal Hotels Ltd (BOM:507981) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

GRAND MERCURE Vadodara Surya Palace, Sayajigunj, Vadodara, GJ, IND, 390020

Website

https://www.suryapalace.com

Jindal Hotels Ltd is engaged in providing food and beverage, wine, and accommodation services. The company operates in a single segment namely Hoteliering. It is in the business of operating a three-star category hotel namely Hotel Surya Palace, and Restaurant which includes the Azure restaurant. The company operates a business hotel in Vadodara city with approximately 143 guest rooms, 6 large and medium banquet halls, a boardroom, a restaurant, a swimming pool, a health club, a liquor shop, and various other amenities.

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