RO Jewels (BOM:543171) ROCE % : 11.14% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is RO Jewels 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. RO Jewels's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.14%.

RO Jewels ROCE % Historical Data

The historical data trend for RO Jewels'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.

RO Jewels ROCE % Chart

RO Jewels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

0.99

-1.66

0.81

2.19

17.89

RO Jewels Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												18.03	48.78	50.15	9.90	11.14

RO Jewels ROCE % Calculation

RO Jewels's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	19.852	/	( ( (113.872 - 12.972)	+	(155.095 - 34.102) )	/ 2 )
	=	19.852	/	( (100.9	+	120.993)	/ 2 )
	=	19.852	/	110.9465
	=	17.89 %

RO Jewels's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	14.944	/	( ( (174.597 - 40.456)	+	(0 - 0) )	/ 1 )
	=	14.944	/	( ( 134.141	+	0 )	/ 1 )
	=	14.944	/	134.141
	=	11.14 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

RO Jewels (BOM:543171) 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.

RO Jewels ROCE % Related Terms

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

RO Jewels (BOM:543171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » RO Jewels Ltd (BOM:543171) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ground Floor, Hallmark4 Complex, Hari bhakti ni Pole Opp. B.D. College, Shankdi Sheri, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://rojewels.co.in

RO Jewels Ltd is engaged in the wholesale business of precious metals and jewelry. It sells gold based chains, bracelets, gold/silver bars, and necklaces. It purchases readymade chains and other jewelry from manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad, and by the company's marketing and sales team directly to other jewelry stores. Its jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.

RO Jewels (BOM:543171) Headlines

No Headlines