Jet Freight Logistics (NSE:JETFREIGHT) ROCE % : 27.46% (As of Dec. 2023)

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What is Jet Freight Logistics 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. Jet Freight Logistics's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.46%.

Jet Freight Logistics ROCE % Historical Data

The historical data trend for Jet Freight Logistics'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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Jet Freight Logistics ROCE % Chart

Jet Freight Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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37.87

-15.61

20.21

21.55

8.65

Jet Freight Logistics Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-8.40	17.42	-8.14	-11.75	27.46

Jet Freight Logistics ROCE % Calculation

Jet Freight Logistics'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 )
	=	52.395	/	( ( (1135.307 - 727.937)	+	(1572.461 - 768.628) )	/ 2 )
	=	52.395	/	( (407.37	+	803.833)	/ 2 )
	=	52.395	/	605.6015
	=	8.65 %

Jet Freight Logistics's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	207.02	/	( ( (1565.447 - 811.463)	+	(0 - 0) )	/ 1 )
	=	207.02	/	( ( 753.984	+	0 )	/ 1 )
	=	207.02	/	753.984
	=	27.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Jet Freight Logistics (NSE:JETFREIGHT) 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.

Jet Freight Logistics ROCE % Related Terms

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Jet Freight Logistics (NSE:JETFREIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Freight Logistics Ltd (NSE:JETFREIGHT) » Definitions » ROCE %

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543420:India

Address

Cardinal Gracious Road, Opposite P&G Corporate Park, Pramukh Plaza, 706, C wing, 7th Floor, Opposite Holy Family Church, Chakala, Andheri East, Mumbai, MH, IND, 400099

Website

https://www.jfll.com

Jet Freight Logistics Ltd is engaged in the business of freight Forwarding for handling Perishable, General, and time-sensitive cargo and handling general and other kinds of cargo. The Company is offering a wide range of Supply Chain services such as Air Cargo Door-to-Door (Air Cargo DTD) services, Surface Parcel Delivery (SPD) Services to its customers, and Third Party Warehousing. Jet freight logistics offers a wide variety of services to its clients. Apart from Perishable, Time Sensitive, and General Cargo, the Company's service includes custom Clearance, Logistics Solutions, Shipment of Hazardous cargo, and ODC consignments. The Company operates in a single segment.

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