JBM Auto (NSE:JBMA) ROCE % : 21.46% (As of Sep. 2024)

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What is JBM Auto 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. JBM Auto's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.46%.

JBM Auto ROCE % Historical Data

The historical data trend for JBM Auto'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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JBM Auto ROCE % Chart

JBM Auto Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.16

12.45

19.91

17.56

22.19

JBM Auto Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															21.24	23.61	23.62	18.97	21.46

JBM Auto ROCE % Calculation

JBM Auto'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 )
	=	4266.413	/	( ( (35401.151 - 17389.672)	+	(48648.04 - 28201.483) )	/ 2 )
	=	4266.413	/	( (18011.479	+	20446.557)	/ 2 )
	=	4266.413	/	19229.018
	=	22.19 %

JBM Auto'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: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	4978.4	/	( ( (0 - 0)	+	(51886 - 28690.8) )	/ 1 )
	=	4978.4	/	( ( 0	+	23195.2 )	/ 1 )
	=	4978.4	/	23195.2
	=	21.46 %

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

JBM Auto (NSE:JBMA) 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.

JBM Auto ROCE % Related Terms

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JBM Auto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JBM Auto Ltd (NSE:JBMA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

532605:India

Address

Plot No. 9, Institutional Area, Sector 44, Gurgaon, HR, IND, 122003

Website

http://www.jbm-group.com

JBM Auto Ltd is an auto parts manufacturing company. It manufactures auto components, toolings, and buses in the country. The group's products include Air tank BIW parts and assemblies, Chassis and suspension parts, Cross-car beams, Cross truck beams, Cross members, Fabrications, Shields, Blanks, Tools, Jigs, Fixtures, and others. The business segments of the company are Sheet Metal Components, Assemblies & Sub-assemblies (Component Division), Tools, Dies & Moulds (Tool Room Division); OEM Division, and others. It generates maximum revenue from the Component Division segment which is engaged in the business of manufacturing automobile parts for commercial and passenger vehicles.

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