Thangamayil Jewellery (BOM:533158) ROCE % : 28.31% (As of Mar. 2024)

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What is Thangamayil Jewellery 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. Thangamayil Jewellery's annualized ROCE % for the quarter that ended in Mar. 2024 was 28.31%.

Thangamayil Jewellery ROCE % Historical Data

The historical data trend for Thangamayil Jewellery'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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Thangamayil Jewellery ROCE % Chart

Thangamayil Jewellery Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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33.53

41.95

18.44

29.10

34.35

Thangamayil Jewellery 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															38.89	65.70	13.72	31.03	28.31

Thangamayil Jewellery ROCE % Calculation

Thangamayil Jewellery'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 )
	=	2014.1	/	( ( (12465.6 - 7046.7)	+	(14811.1 - 8501.5) )	/ 2 )
	=	2014.1	/	( (5418.9	+	6309.6)	/ 2 )
	=	2014.1	/	5864.25
	=	34.35 %

Thangamayil Jewellery'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 )
	=	1786	/	( ( (0 - 0)	+	(14811.1 - 8501.5) )	/ 1 )
	=	1786	/	( ( 0	+	6309.6 )	/ 1 )
	=	1786	/	6309.6
	=	28.31 %

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

Thangamayil Jewellery (BOM:533158) 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.

Thangamayil Jewellery ROCE % Related Terms

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Thangamayil Jewellery (BOM:533158) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Thangamayil Jewellery Ltd (BOM:533158) » Definitions » ROCE %

Traded in Other Exchanges

THANGAMAYL:India

Address

New Natham Main Road, No. 25/6, Palamicenter, 2nd and 3rd Floor, Nera Ramakrishna Mutt, Narayanapuram, Madurai, TN, IND, 625014

Website

https://www.thangamayil.com

Thangamayil Jewellery Ltd is in the Jewellery business. The company is engaged in gold, diamond, silver, and other precious metals. It operates a retail jewelry store across several districts in the Indian state of Tamil Nadu. Its jewelry products include Bangles, Bracelets, Rings, Coins, Articles, Dinner sets, Earrings, Pendants, Necklace, Anklets and Chains. Additionally, it also offers various savings schemes to its customers to invest in gold jewelry for the long run.

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