Jahangir Siddiqui (KAR:JSCL) ROCE % : 8.63% (As of Mar. 2024)

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What is Jahangir Siddiqui 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. Jahangir Siddiqui's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.63%.

Jahangir Siddiqui ROCE % Historical Data

The historical data trend for Jahangir Siddiqui'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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Jahangir Siddiqui ROCE % Chart

Jahangir Siddiqui Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.95

4.46

4.62

2.23

6.33

Jahangir Siddiqui 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															0.13	1.92	2.35	18.47	8.63

Jahangir Siddiqui ROCE % Calculation

Jahangir Siddiqui's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	22379.774	/	( ( (646346.039 - 329099.748)	+	(1245048.951 - 855487.082) )	/ 2 )
	=	22379.774	/	( (317246.291	+	389561.869)	/ 2 )
	=	22379.774	/	353404.08
	=	6.33 %

Jahangir Siddiqui'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 )
	=	31442.948	/	( ( (1245048.951 - 855487.082)	+	(1322080.615 - 983024.222) )	/ 2 )
	=	31442.948	/	( ( 389561.869	+	339056.393 )	/ 2 )
	=	31442.948	/	364309.131
	=	8.63 %

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

Jahangir Siddiqui (KAR:JSCL) 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.

Jahangir Siddiqui ROCE % Related Terms

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Jahangir Siddiqui (KAR:JSCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jahangir Siddiqui & Co Ltd (KAR:JSCL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abdullah Haroon Road, 20th Floor, The Centre Plot No. 28, SB-5, Saddar, Karachi, PAK, 74400

Website

https://www.js.com

Jahangir Siddiqui & Co Ltd offers banking services. The company operates through a various business segment that is Capital Market and Brokerage, which is engaged in trading of equity securities, maintaining strategic and trading portfolios and earning share brokerage and money market, forex and commodity brokerage; Banking, which provides investment and commercial banking; Investment Advisor, which provides investment advisory and asset management services to different mutual funds and unit trusts; Energy Infrastructure and petroleum segment engaged into investment in the oil marketing sector and storage of petroleum, Liquified Petroleum gas and allied products; and Others. The Banking segment generates maximum revenue for the company.

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