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Utssav CZ Gold Jewels (NSE:UTSSAV) ROE % : 44.62% (As of Mar. 2024)


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What is Utssav CZ Gold Jewels ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Utssav CZ Gold Jewels's annualized net income for the quarter that ended in Mar. 2024 was ₹128 Mil. Utssav CZ Gold Jewels's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was ₹288 Mil. Therefore, Utssav CZ Gold Jewels's annualized ROE % for the quarter that ended in Mar. 2024 was 44.62%.

The historical rank and industry rank for Utssav CZ Gold Jewels's ROE % or its related term are showing as below:

NSE:UTSSAV' s ROE % Range Over the Past 10 Years
Min: 13.77   Med: 31.53   Max: 44.62
Current: 44.62

During the past 4 years, Utssav CZ Gold Jewels's highest ROE % was 44.62%. The lowest was 13.77%. And the median was 31.53%.

NSE:UTSSAV's ROE % is ranked better than
93.77% of 1092 companies
in the Retail - Cyclical industry
Industry Median: 5.915 vs NSE:UTSSAV: 44.62

Utssav CZ Gold Jewels ROE % Historical Data

The historical data trend for Utssav CZ Gold Jewels's ROE % 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.

* Premium members only.

Utssav CZ Gold Jewels ROE % Chart

Utssav CZ Gold Jewels Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROE %
13.77 24.88 38.17 44.62

Utssav CZ Gold Jewels Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
ROE % 13.77 24.88 38.17 44.62

Competitive Comparison of Utssav CZ Gold Jewels's ROE %

For the Luxury Goods subindustry, Utssav CZ Gold Jewels's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Utssav CZ Gold Jewels's ROE % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Utssav CZ Gold Jewels's ROE % distribution charts can be found below:

* The bar in red indicates where Utssav CZ Gold Jewels's ROE % falls into.


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Utssav CZ Gold Jewels ROE % Calculation

Utssav CZ Gold Jewels's annualized ROE % for the fiscal year that ended in Mar. 2024 is calculated as

ROE %=Net Income (A: Mar. 2024 )/( (Total Stockholders Equity (A: Mar. 2023 )+Total Stockholders Equity (A: Mar. 2024 ))/ count )
=128.481/( (223.724+352.205)/ 2 )
=128.481/287.9645
=44.62 %

Utssav CZ Gold Jewels's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=128.481/( (223.724+352.205)/ 2 )
=128.481/287.9645
=44.62 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is one times the annual (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


Utssav CZ Gold Jewels  (NSE:UTSSAV) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=128.481/287.9645
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(128.481 / 3401.956)*(3401.956 / 1016.982)*(1016.982 / 287.9645)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.78 %*3.3451*3.5316
=ROA %*Equity Multiplier
=12.64 %*3.5316
=44.62 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=128.481/287.9645
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (128.481 / 171.712) * (171.712 / 206.586) * (206.586 / 3401.956) * (3401.956 / 1016.982) * (1016.982 / 287.9645)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7482 * 0.8312 * 6.07 % * 3.3451 * 3.5316
=44.62 %

Note: The net income data used here is one times the annual (Mar. 2024) net income data. The Revenue data used here is one times the annual (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Utssav CZ Gold Jewels ROE % Related Terms

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Utssav CZ Gold Jewels Business Description

Traded in Other Exchanges
N/A
Address
Mahakali Caves Road, Plot No. 4 and 5, 2nd Floor, Hitech Plaza, Giriraj Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093
Utssav CZ Gold Jewels Ltd is in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. The Company specializes in the lightweight production of cubic zirconia (CZ) gold and rose gold casting jewellery. It manufactures and offers a wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches, and Broaches, etc.

Utssav CZ Gold Jewels Headlines

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