Eighty Jewellers (BOM:543518) ROCE % : 11.70% (As of Mar. 2024)

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What is Eighty Jewellers 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. Eighty Jewellers's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.70%.

Eighty Jewellers ROCE % Historical Data

The historical data trend for Eighty Jewellers'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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Eighty Jewellers ROCE % Chart

Eighty Jewellers Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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43.77

55.35

27.21

14.42

10.49

Eighty Jewellers Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial				30.86	13.24	12.44	9.45	11.70

Eighty Jewellers ROCE % Calculation

Eighty Jewellers'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 )
	=	28.16	/	( ( (402.684 - 135.654)	+	(365.351 - 95.671) )	/ 2 )
	=	28.16	/	( (267.03	+	269.68)	/ 2 )
	=	28.16	/	268.355
	=	10.49 %

Eighty Jewellers'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	31.222	/	( ( (374.288 - 110.304)	+	(365.351 - 95.671) )	/ 2 )
	=	31.222	/	( ( 263.984	+	269.68 )	/ 2 )
	=	31.222	/	266.832
	=	11.70 %

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

Eighty Jewellers (BOM:543518) 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.

Eighty Jewellers ROCE % Related Terms

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Eighty Jewellers (BOM:543518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Eighty Jewellers Ltd (BOM:543518) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

A.T Palace, Kotwali Chowk, Sadar Bazar, Raipur, CT, IND, 492001

Website

https://www.eightyjewels.in

Eighty Jewellers Ltd is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers.

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