Jainam Ferro Alloys (I) (NSE:JAINAM) ROCE % : 19.79% (As of Sep. 2024)

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What is Jainam Ferro Alloys (I) 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. Jainam Ferro Alloys (I)'s annualized ROCE % for the quarter that ended in Sep. 2024 was 19.79%.

Jainam Ferro Alloys (I) ROCE % Historical Data

The historical data trend for Jainam Ferro Alloys (I)'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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Jainam Ferro Alloys (I) ROCE % Chart

Jainam Ferro Alloys (I) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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10.24

21.65

84.02

42.14

8.72

Jainam Ferro Alloys (I) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
ROCE %	Get a 7-Day Free Trial					77.53	7.76	16.78	1.16	19.79

Jainam Ferro Alloys (I) ROCE % Calculation

Jainam Ferro Alloys (I)'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 )
	=	86.07	/	( ( (1120.521 - 243.899)	+	(1416.554 - 318.487) )	/ 2 )
	=	86.07	/	( (876.622	+	1098.067)	/ 2 )
	=	86.07	/	987.3445
	=	8.72 %

Jainam Ferro Alloys (I)'s ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Mar. 2024 )		(Q: Sep. 2024 )
	=	233.984	/	( ( (1416.554 - 318.487)	+	(1590.012 - 323.979) )	/ 2 )
	=	233.984	/	( ( 1098.067	+	1266.033 )	/ 2 )
	=	233.984	/	1182.05
	=	19.79 %

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

Jainam Ferro Alloys (I) (NSE:JAINAM) 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.

Jainam Ferro Alloys (I) ROCE % Related Terms

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Jainam Ferro Alloys (I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jainam Ferro Alloys (I) Ltd (NSE:JAINAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Urla Industrial Area, Sector-C, Plot No. 103 to 113 & 130 to 136/A & 137, Birgaon, Raipur, CT, IND, 492003

Website

https://www.jainamferro.com

Jainam Ferro Alloys (I) Ltd is engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese and Silico manganese, largely used in the Steel industry. Ferro silicon, ferro silicon oxide, ferro silicon, ferro silicon, and ferro chrome are among the company's products. The company also generates revenue from trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys. It sells products within India.

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