Jindal Steel & Power (BOM:532286) ROCE % : 9.47% (As of Mar. 2024)

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What is Jindal Steel & Power 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. Jindal Steel & Power's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.47%.

Jindal Steel & Power ROCE % Historical Data

The historical data trend for Jindal Steel & Power'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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Jindal Steel & Power ROCE % Chart

Jindal Steel & Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.74

17.41

23.10

11.00

12.92

Jindal Steel & Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.73	15.54	-	15.61	9.47

Jindal Steel & Power ROCE % Calculation

Jindal Steel & Power's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	75355	/	( ( (694272.3 - 154986.9)	+	(787151.8 - 160095.5) )	/ 2 )
	=	75355	/	( (539285.4	+	627056.3)	/ 2 )
	=	75355	/	583170.85
	=	12.92 %

Jindal Steel & Power's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	59365.6	/	( ( (0 - 0)	+	(787151.8 - 160095.5) )	/ 1 )
	=	59365.6	/	( ( 0	+	627056.3 )	/ 1 )
	=	59365.6	/	627056.3
	=	9.47 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Jindal Steel & Power (BOM:532286) 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.

Jindal Steel & Power ROCE % Related Terms

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Jindal Steel & Power (BOM:532286) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jindal Steel & Power Ltd (BOM:532286) » Definitions » ROCE %

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JINDALSTEL:India

Address

Jindal Centre, 12, Bhikaiji Cama Place, New Delhi, IND, 110 066

Website

https://www.jindalsteelpower.com

Jindal Steel & Power Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors. The iron and steel segment is the company's largest segment, representing the majority of the company's sales. Jindal Steel and Power's iron and steel segment manufacture a wide range of steel products that find applications in railway, road, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Jindal Steel and Power's power segment operates power plants and transmission lines. The company generates most of its revenue from the Indian domestic market.

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