Jamaica Stock Exchange (XJAM:JSE) ROCE %: 26.53% (As of Dec. 2023)


XJAM:JSE Jamaica Stock Exchange Ltd XJAM:JSE
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What is Jamaica Stock Exchange ROCE %?

Jamaica Stock Exchange XJAM:JSE -0.50% 22 ROCE % is 26.53% as of Dec. 2023. GuruFocus rates XJAM:JSE with a GF Score™ of 22/100.

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. Jamaica Stock Exchange's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.53%.

Jamaica Stock Exchange  (XJAM:JSE) 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.

Jamaica Stock Exchange ROCE % Related Terms

Jamaica Stock Exchange ROCE % Historical Data

* Premium members only.

The historical data trend for Jamaica Stock Exchange'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.

Jamaica Stock Exchange ROCE % Chart

Jamaica Stock Exchange Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.96 39.17 39.43 34.66 26.53

Jamaica Stock Exchange Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.96 39.17 39.43 34.66 26.53
XJAM:JSE
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Jamaica Stock Exchange Ltd XJAM:JSE
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Jamaica Stock Exchange ROCE % Calculation

Jamaica Stock Exchange's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=692.134/( ( (2607.546 - 220.522) + (3058.344 - 227.786) )/ 2 )
=692.134/( (2387.024+2830.558)/ 2 )
=692.134/2608.791
=26.53 %

Jamaica Stock Exchange'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: Dec. 2022 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Dec. 2022 )(Q: Dec. 2023 )
=692.134/( ( (2607.546 - 220.522) + (3058.344 - 227.786) )/ 2 )
=692.134/( ( 2387.024 + 2830.558 )/ 2 )
=692.134/2608.791
=26.53 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 26.53% mean?
Jamaica Stock Exchange (XJAM:JSE) has a ROCE % of 26.53% as of Dec. 2023.
Is Jamaica Stock Exchange's ROCE % too high?
Jamaica Stock Exchange's current ROCE % is 26.53%. The Capital Markets industry median ROCE % is 5.58. Jamaica Stock Exchange's value of 26.53% is 375.9% above this industry median. Overall, Jamaica Stock Exchange has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Jamaica Stock Exchange's ROCE % compare to SPGI and ICE?
Jamaica Stock Exchange's ROCE % of 26.53% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. Jamaica Stock Exchange's value of 26.53% is 375.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Capital Markets company?
The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jamaica Stock Exchange's current ROCE % of 26.53% is 375.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jamaica Stock Exchange's current ROCE % is 26.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jamaica Stock Exchange stock overvalued right now?
Jamaica Stock Exchange (XJAM:JSE) has a current ROCE % of 26.53%. The current ROCE % is 26.53% and 375.9% above the Capital Markets industry median of 5.58. Jamaica Stock Exchange's overall GF Score™ is 22/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Jamaica Stock Exchange (XJAM:JSE), the current ROCE % is 26.53% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jamaica Stock Exchange Business Description

Address 40 Harbour Street, P.O. Box 1084, Kingston, JAM
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The firm's operations are in Jamaica.
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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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