JNK India (BOM:544167) ROCE % : 6.28% (As of Dec. 2024)

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What is JNK India 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. JNK India's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.28%.

JNK India ROCE % Historical Data

The historical data trend for JNK India'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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JNK India ROCE % Chart

JNK India Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

55.05

77.37

54.58

JNK India Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial				-	-	-	10.75	6.28

JNK India ROCE % Calculation

JNK India'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 )
	=	640.82	/	( ( (2683.19 - 1844.19)	+	(3377.75 - 1868.62) )	/ 2 )
	=	640.82	/	( (839	+	1509.13)	/ 2 )
	=	640.82	/	1174.065
	=	54.58 %

JNK India'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 )
	=	325.76	/	( ( (7863.1 - 2672.66)	+	(0 - 0) )	/ 1 )
	=	325.76	/	( ( 5190.44	+	0 )	/ 1 )
	=	325.76	/	5190.44
	=	6.28 %

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

JNK India (BOM:544167) 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.

JNK India ROCE % Related Terms

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JNK India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JNK India Ltd (BOM:544167) » Definitions » ROCE %

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JNKINDIA:India

Address

Unit No. 203, 204, 205 & 206, Opposite TMC Office Centrum IT Park, Near Satkar Hotel, Thane -West, Thane, Mumbai, MH, IND, 400 604

Website

https://www.jnkindia.com

JNK India Ltd is in the business of manufacturing the process fired heaters, reformers and cracking furnaces (together, the Heating Equipment) that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. It has capabilities in thermal designing, engineering, manufacturing, supplying, installing and commissioning process fired heaters, reformers and cracking furnaces.

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