JK Paper (BOM:532162) ROCE % : 17.99% (As of Mar. 2024)

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What is JK Paper 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. JK Paper's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.99%.

JK Paper ROCE % Historical Data

The historical data trend for JK Paper'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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JK Paper ROCE % Chart

JK Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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20.47

10.23

15.98

27.45

20.24

JK Paper Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															24.37	24.80	20.02	18.05	17.99

JK Paper ROCE % Calculation

JK Paper'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 )
	=	15327.6	/	( ( (89198.8 - 16288.6)	+	(93277.9 - 14759.5) )	/ 2 )
	=	15327.6	/	( (72910.2	+	78518.4)	/ 2 )
	=	15327.6	/	75714.3
	=	20.24 %

JK Paper's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	14123.6	/	( ( (0 - 0)	+	(93277.9 - 14759.5) )	/ 1 )
	=	14123.6	/	( ( 0	+	78518.4 )	/ 1 )
	=	14123.6	/	78518.4
	=	17.99 %

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

JK Paper (BOM:532162) 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.

JK Paper ROCE % Related Terms

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JK Paper (BOM:532162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » JK Paper Ltd (BOM:532162) » Definitions » ROCE %

Traded in Other Exchanges

JKPAPER:India

Address

4 Bahadur Shah Zafar Marg, Nehru House, 3rd Floor, New Delhi, IND, 110 002

Website

https://www.jkpaper.com

JK Paper Ltd is a paper manufacturing company. Its products are paper and paper board. The company offers various categories of paper products including official documentation such as photocopy and multi-purpose papers for use in desktops, photocopiers, and multifunctional devices; uncoated writing and printing paper; coated paper and board; and packaging board to service the varied needs of the packaging industry. It markets the products through the distribution network of distributors, depots, regional marketing offices, and other dealers. The product brands of the company include JK Cedar, JK Copier, JK Easy Copier, and Others. The majority of the company's revenue comes from India.

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