Atlas Jewellery India (BOM:514394) ROCE % : 0.02% (As of Dec. 2021)

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What is Atlas Jewellery India 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. Atlas Jewellery India's annualized ROCE % for the quarter that ended in Dec. 2021 was 0.02%.

Atlas Jewellery India ROCE % Historical Data

The historical data trend for Atlas Jewellery India'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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Atlas Jewellery India ROCE % Chart

Atlas Jewellery India Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

ROCE %

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-3.11

-2.28

3.70

5.64

-2.93

Atlas Jewellery India Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
ROCE %	Get a 7-Day Free Trial															-4.35	1.65	3.79	-1.30	0.02

Atlas Jewellery India ROCE % Calculation

Atlas Jewellery India's annualized ROCE % for the fiscal year that ended in Mar. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2021 )		(A: Mar. 2020 )		(A: Mar. 2021 )
	=	-48.222	/	( ( (1721.967 - 50.154)	+	(1671.966 - 53.06) )	/ 2 )
	=	-48.222	/	( (1671.813	+	1618.906)	/ 2 )
	=	-48.222	/	1645.3595
	=	-2.93 %

Atlas Jewellery India's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2021 )		(Q: Sep. 2021 )		(Q: Dec. 2021 )
	=	0.288	/	( ( (1680.543 - 52.924)	+	(0 - 0) )	/ 1 )
	=	0.288	/	( ( 1627.619	+	0 )	/ 1 )
	=	0.288	/	1627.619
	=	0.02 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) EBIT data.

Atlas Jewellery India (BOM:514394) 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.

Atlas Jewellery India ROCE % Related Terms

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Atlas Jewellery India (BOM:514394) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Atlas Jewellery India Ltd (BOM:514394) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

DLF Tower A, Plot Number 10, JA-710, 7th Floor, Jasola District, New Delhi, IND, 110025

Website

https://www.atlasjewelleryindia.com

Atlas Jewellery India Ltd is an Indian based company operating in the Gems and Jewellery Sector. It is engaged in manufacturing, retail trade and export of gold, diamonds, and other precious ornaments. Its products include fashionable jewellery, modern and chic as well as traditional and ethnic ornaments. It sells its jewellery through its retail stores. The company has all its revenue from operations within the Indian market.

Atlas Jewellery India (BOM:514394) Headlines

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