Golkunda Diamonds & Jewellery (BOM:523676) ROCE % : 13.71% (As of Sep. 2024)

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What is Golkunda Diamonds & Jewellery 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. Golkunda Diamonds & Jewellery's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.71%.

Golkunda Diamonds & Jewellery ROCE % Historical Data

The historical data trend for Golkunda Diamonds & Jewellery'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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Golkunda Diamonds & Jewellery ROCE % Chart

Golkunda Diamonds & Jewellery Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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15.29

16.48

32.59

33.11

30.16

Golkunda Diamonds & Jewellery 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															24.59	42.04	45.36	42.66	13.71

Golkunda Diamonds & Jewellery ROCE % Calculation

Golkunda Diamonds & Jewellery'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 )
	=	155.019	/	( ( (1061.059 - 585.735)	+	(1155.466 - 602.832) )	/ 2 )
	=	155.019	/	( (475.324	+	552.634)	/ 2 )
	=	155.019	/	513.979
	=	30.16 %

Golkunda Diamonds & Jewellery'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 )
	=	80.596	/	( ( (0 - 0)	+	(1153.279 - 565.374) )	/ 1 )
	=	80.596	/	( ( 0	+	587.905 )	/ 1 )
	=	80.596	/	587.905
	=	13.71 %

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

Golkunda Diamonds & Jewellery (BOM:523676) 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.

Golkunda Diamonds & Jewellery ROCE % Related Terms

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Golkunda Diamonds & Jewellery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golkunda Diamonds & Jewellery Ltd (BOM:523676) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

G 30, Gems & Jewellery Complex - III, Seepz, Andheri (East), Mumbai, MH, IND, 400096

Website

http://www.golkunda.com

Golkunda Diamonds & Jewellery Ltd is a manufacturer of diamond studded gold jewelry. The company manufactures and deals in polished gems, diamonds, and other stones. Its product portfolio includes rings, earrings, pendants, bangles, and a necklace.

Golkunda Diamonds & Jewellery Headlines

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