Jindal Drilling & Industries (BOM:511034) ROCE % : 11.47% (As of Dec. 2023)

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What is Jindal Drilling & Industries 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 Drilling & Industries's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.47%.

Jindal Drilling & Industries ROCE % Historical Data

The historical data trend for Jindal Drilling & Industries'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 Drilling & Industries ROCE % Chart

Jindal Drilling & Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.94

-28.56

1.06

6.46

9.46

Jindal Drilling & Industries 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															9.19	5.12	5.67	9.08	11.47

Jindal Drilling & Industries ROCE % Calculation

Jindal Drilling & Industries'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 )
	=	1442.655	/	( ( (17883.193 - 2962.668)	+	(19245.306 - 3655.509) )	/ 2 )
	=	1442.655	/	( (14920.525	+	15589.797)	/ 2 )
	=	1442.655	/	15255.161
	=	9.46 %

Jindal Drilling & Industries'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 )
	=	1836.4	/	( ( (19966 - 3951.4)	+	(0 - 0) )	/ 1 )
	=	1836.4	/	( ( 16014.6	+	0 )	/ 1 )
	=	1836.4	/	16014.6
	=	11.47 %

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

Jindal Drilling & Industries (BOM:511034) 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 Drilling & Industries ROCE % Related Terms

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Jindal Drilling & Industries (BOM:511034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jindal Drilling & Industries Ltd (BOM:511034) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JINDRILL:India

Address

5 Pusa Road, 2nd Floor, Gurgaon, HR, IND, 110 005

Website

https://www.jindal.com

Jindal Drilling & Industries Ltd is engaged in providing services to entities involved in the exploration of oil and gas. Its brands and services include Jindal Star (ERW Pipes), Power and energy, MSL (Seamless pipes) and drilling services. The company generates a majority of its revenue from drilling services within India.

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