Jyoti Structures (BOM:513250) ROCE % : 2.35% (As of Sep. 2023)

View and export this data going back to 1991. Start your Free Trial

What is Jyoti Structures 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 Structures's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.35%.

Jyoti Structures ROCE % Historical Data

The historical data trend for Jyoti Structures'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.

* Premium members only.

Jyoti Structures ROCE % Chart

Jyoti Structures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

Get a 7-Day Free Trial

-0.19

Jyoti Structures Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															-0.02	-0.79	-	0.53	2.35

Jyoti Structures ROCE % Calculation

Jyoti Structures's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-36.944	/	( ( (21930.242 - 1646.09)	+	(22854.198 - 3717.326) )	/ 2 )
	=	-36.944	/	( (20284.152	+	19136.872)	/ 2 )
	=	-36.944	/	19710.512
	=	-0.19 %

Jyoti Structures's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	460.212	/	( ( (0 - 0)	+	(22770.273 - 3195.525) )	/ 1 )
	=	460.212	/	( ( 0	+	19574.748 )	/ 1 )
	=	460.212	/	19574.748
	=	2.35 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

Jyoti Structures (BOM:513250) 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.

Jyoti Structures ROCE % Related Terms

Thank you for viewing the detailed overview of Jyoti Structures's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jyoti Structures (BOM:513250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jyoti Structures Ltd (BOM:513250) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JYOTISTRUC:India

Address

New Link Road, 6th Floor, Valecha Chambers, Oshiwara, Andheri (West), Mumbai, MH, IND, 400053

Website

http://www.jyotistructures.in

Jyoti Structures Ltd is an engineering, procurement and construction (EPC) contracting company. It is engaged in power transmission and distribution networks wherein it manufactures and deals in various components/equipment's and constructs infrastructure related to power transmission. The company offers solutions in the areas of Transmission Line, Substations Switchyards, Rural Electrification and Solar Power.

Jyoti Structures (BOM:513250) Headlines

No Headlines