Jigar Cables (BOM:540651) ROCE % : 20.92% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Jigar Cables 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. Jigar Cables's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.92%.

Jigar Cables ROCE % Historical Data

The historical data trend for Jigar Cables'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.

* Premium members only.

Jigar Cables ROCE % Chart

Jigar Cables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

Get a 7-Day Free Trial

6.20

6.63

5.23

11.45

10.21

Jigar Cables Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial															8.20	14.65	8.71	12.40	20.92

Jigar Cables ROCE % Calculation

Jigar Cables'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 )
	=	17.985	/	( ( (233.08 - 73.82)	+	(253.775 - 60.767) )	/ 2 )
	=	17.985	/	( (159.26	+	193.008)	/ 2 )
	=	17.985	/	176.134
	=	10.21 %

Jigar Cables'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: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	41.898	/	( ( (253.775 - 60.767)	+	(269.416 - 61.797) )	/ 2 )
	=	41.898	/	( ( 193.008	+	207.619 )	/ 2 )
	=	41.898	/	200.3135
	=	20.92 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2024) EBIT data.

Jigar Cables (BOM:540651) 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.

Jigar Cables ROCE % Related Terms

Thank you for viewing the detailed overview of Jigar Cables's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jigar Cables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jigar Cables Ltd (BOM:540651) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Plot No. 164/14 and 15, G.I.D.C.- 2, Jamwadi, District Rajkot, Gondal, GJ, IND, 360311

Website

https://www.sigmacab.com

Jigar Cables Ltd is the manufacturer of SIGMA brand electric wires and cables in India. It includes types of products such as single-core and multi-core flexible cables, industrial power and control cables, submersible flat cables, ariel bunched cables house wires and poly-insulated submersible connection cables. It serves industries such as Chemicals and Pharmaceuticals, Shipping and Marine, Automobiles, Hospitals, Mining, and many more.

Jigar Cables Headlines

No Headlines