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Janus (BOM:542924) ROIC % : 2.73% (As of Mar. 2024)


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What is Janus ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Janus's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2024 was 2.73%.

As of today (2024-06-16), Janus's WACC % is 8.59%. Janus's ROIC % is 2.48% (calculated using TTM income statement data). Janus earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Janus ROIC % Historical Data

The historical data trend for Janus's ROIC % 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.

Janus ROIC % Chart

Janus Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROIC %
Get a 7-Day Free Trial 11.44 1.07 1.56 2.54 2.40

Janus Semi-Annual Data
Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 1.10 3.58 2.32 2.73

Competitive Comparison of Janus's ROIC %

For the Building Materials subindustry, Janus's ROIC %, along with its competitors' market caps and ROIC % 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.


Janus's ROIC % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Janus's ROIC % distribution charts can be found below:

* The bar in red indicates where Janus's ROIC % falls into.



Janus ROIC % Calculation

Janus's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2024 is calculated as:

ROIC % (A: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2023 ) + Invested Capital (A: Mar. 2024 ))/ count )
=5.195 * ( 1 - 28.8% )/( (0 + 154.091)/ 1 )
=3.69884/154.091
=2.40 %

where

Janus's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Mar. 2024 is calculated as:

ROIC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=5.49 * ( 1 - 26.01% )/( (143.806 + 154.091)/ 2 )
=4.062051/148.9485
=2.73 %

where

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


Janus  (BOM:542924) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Janus's WACC % is 8.59%. Janus's ROIC % is 2.48% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Janus ROIC % Related Terms

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Janus (BOM:542924) Business Description

Traded in Other Exchanges
N/A
Address
M Sunderji Road, B-704, Prakriti Apartments, K K W Mill Compound, Thane (West), Thane, MH, IND, 400053
Janus Corp Ltd is engaged in the provision of civil construction, land and site development, landfilling, fencing walls, erection of hoardings, and in the trading of various construction related materials such as cement, iron & steel, sand, soil, aluminum. It is also engaged in Media and Consulting, hospitality support services, and trading of agro products.

Janus (BOM:542924) Headlines

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