Jyoti Resins & Adhesives (BOM:514448) ROCE % : 45.42% (As of Sep. 2024)

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What is Jyoti Resins & Adhesives 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. Jyoti Resins & Adhesives's annualized ROCE % for the quarter that ended in Sep. 2024 was 45.42%.

Jyoti Resins & Adhesives ROCE % Historical Data

The historical data trend for Jyoti Resins & Adhesives'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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Jyoti Resins & Adhesives ROCE % Chart

Jyoti Resins & Adhesives Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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57.79

43.71

49.22

72.34

65.34

Jyoti Resins & Adhesives Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															48.50	47.55	60.02	59.65	45.42

Jyoti Resins & Adhesives ROCE % Calculation

Jyoti Resins & Adhesives'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 )
	=	896.454	/	( ( (2106.496 - 1039.58)	+	(2703.304 - 1026.215) )	/ 2 )
	=	896.454	/	( (1066.916	+	1677.089)	/ 2 )
	=	896.454	/	1372.0025
	=	65.34 %

Jyoti Resins & Adhesives's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	870.4	/	( ( (0 - 0)	+	(3052.3 - 1136.1) )	/ 1 )
	=	870.4	/	( ( 0	+	1916.2 )	/ 1 )
	=	870.4	/	1916.2
	=	45.42 %

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

Jyoti Resins & Adhesives (BOM:514448) 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.

Jyoti Resins & Adhesives ROCE % Related Terms

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Jyoti Resins & Adhesives Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jyoti Resins & Adhesives Ltd (BOM:514448) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

S.G. Highway, 1104-1112 Ellite, Near Shapath Hexa, Near Sola Over bridge, Opposite Kargil Petrol pump, Ahmedabad, GJ, IND, 380060

Website

https://www.euro7000.com

Jyoti Resins & Adhesives Ltd is in the business of production of Wood Adhesives which are widely used in the fast-moving consumer market on days. The company has launched Euro 7000 under which it manufactures many types of wood adhesives. Some of its products include Euro 7000 Xtra, Euro WP, Euro Extreme3, Euro Ultra, and Euro PVC Glue.

Jyoti Resins & Adhesives Headlines

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