Jocil (NSE:JOCIL) ROCE % : 4.65% (As of Sep. 2023)

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What is Jocil 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. Jocil's annualized ROCE % for the quarter that ended in Sep. 2023 was 4.65%.

Jocil ROCE % Historical Data

The historical data trend for Jocil'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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Jocil ROCE % Chart

Jocil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.36

10.01

8.28

4.71

6.44

Jocil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															6.55	6.12	6.30	3.43	4.65

Jocil ROCE % Calculation

Jocil'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 )
	=	134.421	/	( ( (2572.345 - 496.327)	+	(2536.09 - 435.717) )	/ 2 )
	=	134.421	/	( (2076.018	+	2100.373)	/ 2 )
	=	134.421	/	2088.1955
	=	6.44 %

Jocil's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	98.984	/	( ( (0 - 0)	+	(2623.182 - 494.411) )	/ 1 )
	=	98.984	/	( ( 0	+	2128.771 )	/ 1 )
	=	98.984	/	2128.771
	=	4.65 %

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

Jocil (NSE:JOCIL) 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.

Jocil ROCE % Related Terms

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Jocil (NSE:JOCIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jocil Ltd (NSE:JOCIL) » Definitions » ROCE %

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Address

Dokiparru Village, Medikondur Mandal, Guntur, AP, IND, 522438

Website

https://www.jocil.in

Jocil Ltd is engaged in the manufacture of Stearic Acid, Fatty Acids, Refined Glycerine, Soap Noodles, Toilet Soap, Industrial Oxygen, and in the generation of Power from biomass and wind. Non-edible vegetable oils and fatty acid distillates, both indigenous and imported, are used as raw materials for the manufacture of the finished products. The products manufactured are marketed directly from the factory as well as through Depots and C & F Agents located in cities across the country. The company also undertakes to manufacture Soap Noodles and Toilet Soap on job work for reputed customers.

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