Jamaica Stock Exchange (XJAM:JSE) ROCE % : 34.66% (As of Dec. 2022)

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What is Jamaica Stock Exchange 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. Jamaica Stock Exchange's annualized ROCE % for the quarter that ended in Dec. 2022 was 34.66%.

Jamaica Stock Exchange ROCE % Historical Data

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.

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Jamaica Stock Exchange ROCE % Chart

Jamaica Stock Exchange Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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53.31

57.96

39.17

39.43

34.66

Jamaica Stock Exchange Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
ROCE %	Get a 7-Day Free Trial									53.31	57.96	39.17	39.43	34.66

Jamaica Stock Exchange ROCE % Calculation

Jamaica Stock Exchange's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	760.019	/	( ( (2233.36 - 234.696)	+	(2607.546 - 220.522) )	/ 2 )
	=	760.019	/	( (1998.664	+	2387.024)	/ 2 )
	=	760.019	/	2192.844
	=	34.66 %

Jamaica Stock Exchange's ROCE % of for the quarter that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2022 )		(Q: Dec. 2021 )		(Q: Dec. 2022 )
	=	760.019	/	( ( (2233.36 - 234.696)	+	(2607.546 - 220.522) )	/ 2 )
	=	760.019	/	( ( 1998.664	+	2387.024 )	/ 2 )
	=	760.019	/	2192.844
	=	34.66 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

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

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Jamaica Stock Exchange (XJAM:JSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Jamaica Stock Exchange Ltd (XJAM:JSE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Harbour Street, P.O. Box 1084, Kingston, JAM

Website

https://www.jamstockex.com

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 group's operations are in Jamaica.

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