Shukra Jewellery (BOM:523790) ROCE % : -0.69% (As of Dec. 2024)

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What is Shukra 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. Shukra Jewellery's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.69%.

Shukra Jewellery ROCE % Historical Data

The historical data trend for Shukra 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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Shukra Jewellery ROCE % Chart

Shukra Jewellery Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.32

1.25

0.38

0.30

0.25

Shukra Jewellery Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-1.04	1.28	-0.10	4.31	-0.69

Shukra Jewellery ROCE % Calculation

Shukra 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 )
	=	0.885	/	( ( (441.133 - 89.229)	+	(406.613 - 53.026) )	/ 2 )
	=	0.885	/	( (351.904	+	353.587)	/ 2 )
	=	0.885	/	352.7455
	=	0.25 %

Shukra Jewellery's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-2.484	/	( ( (425.342 - 66.964)	+	(0 - 0) )	/ 1 )
	=	-2.484	/	( ( 358.378	+	0 )	/ 1 )
	=	-2.484	/	358.378
	=	-0.69 %

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

Shukra Jewellery (BOM:523790) 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.

Shukra Jewellery ROCE % Related Terms

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Shukra Jewellery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shukra Jewellery Ltd (BOM:523790) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

S.G. Highway, Bodakdev, Panchdhara Complex, 3rd Floor, Near The Grand Bhagwati Hotel, Ahmedabad, GJ, IND, 380054

Website

https://www.sukra.com

Shukra Jewellery Ltd is an India-based company engaged in the gems and jewellery business. It manufactures and sells gems, diamonds, plain and studded gold and silver jewellery. It also deals with the trading of cut, polished diamonds. In addition, the company is involved in the real estate and construction work business. The group markets polished diamonds and gold jewellery in both the Indian and international markets. It has two reportable segments: Diamonds and Gold Jewellery; and Real Estate Business. It generates the majority of its revenue from the Real Estate segment.

Shukra Jewellery Headlines

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