Jai (NSE:JAICORPLTD) ROCE % : 4.60% (As of Dec. 2024)

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What is Jai 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. Jai's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.60%.

Jai ROCE % Historical Data

The historical data trend for Jai'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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Jai ROCE % Chart

Jai Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.49

9.45

4.64

0.34

4.81

Jai Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															4.42	7.84	4.71	6.22	4.60

Jai ROCE % Calculation

Jai'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 )
	=	720.842	/	( ( (15045.014 - 317.842)	+	(15534.302 - 280.528) )	/ 2 )
	=	720.842	/	( (14727.172	+	15253.774)	/ 2 )
	=	720.842	/	14990.473
	=	4.81 %

Jai'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 )
	=	648.4	/	( ( (14706.7 - 621.9)	+	(0 - 0) )	/ 1 )
	=	648.4	/	( ( 14084.8	+	0 )	/ 1 )
	=	648.4	/	14084.8
	=	4.60 %

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

Jai (NSE:JAICORPLTD) 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.

Jai ROCE % Related Terms

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Jai Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jai Corp Ltd (NSE:JAICORPLTD) » Definitions » ROCE %

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512237:India

Address

Plot No. 207, Block III, No. 603, Embassy Centre, 6th Floor, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.jaicorpindia.com

Jai Corp Ltd is a manufacturing company engaged in businesses like polypropylene and polyethylene, woven products, steel, plastic processing, and spinning yarn. It has five segments. The Steel segment comprises the production, and trading of CR sheets, GP coils, and HR plates and tubes. Production of woven fabric, jumbo bags, masterbatch, staple fibers, geotextiles, and others is done in the Plastic Processing segment. The Spinning segment includes the production of spun yarn. The Asset management activity segment consists of investment advisory services. Development of land and buildings is done in the Real Estate segment of the company. The majority of its revenue is generated from the Plastic processing segment. Geographically, it derives key revenue from India.

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