Jyoti CNC Automation (NSE:JYOTICNC) ROCE % : 47.54% (As of Mar. 2024)

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What is Jyoti CNC Automation 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. Jyoti CNC Automation's annualized ROCE % for the quarter that ended in Mar. 2024 was 47.54%.

Jyoti CNC Automation ROCE % Historical Data

The historical data trend for Jyoti CNC Automation'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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Jyoti CNC Automation ROCE % Chart

Jyoti CNC Automation Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

ROCE %

-2.34

12.76

42.47

32.18

Jyoti CNC Automation Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
ROCE %	-	-	-	34.27	47.54

Jyoti CNC Automation ROCE % Calculation

Jyoti CNC Automation'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 )
	=	2746.7	/	( ( (15153.81 - 12728.64)	+	(21783.45 - 7139.25) )	/ 2 )
	=	2746.7	/	( (2425.17	+	14644.2)	/ 2 )
	=	2746.7	/	8534.685
	=	32.18 %

Jyoti CNC Automation's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	4408.8	/	( ( (17060.65 - 13156.32)	+	(21783.45 - 7139.25) )	/ 2 )
	=	4408.8	/	( ( 3904.33	+	14644.2 )	/ 2 )
	=	4408.8	/	9274.265
	=	47.54 %

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

Jyoti CNC Automation (NSE:JYOTICNC) 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.

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Jyoti CNC Automation (NSE:JYOTICNC) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jyoti CNC Automation Ltd (NSE:JYOTICNC) » Definitions » ROCE %

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Traded in Other Exchanges

544081:India

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Jyoti CNC Automation Ltd is a manufacturers of CNC machines. It is a manufacturer of simultaneous 5-Axis CNC machines and has a diverse portfolios of CNC machines including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers (VMCs), CNC Horizontal Machining Centers (HMCs), simultaneous 3-Axis CNC machining Centers, simultaneous 5-Axis CNC machining Centers and multi-tasking machines.

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