Jubilant Industries (BOM:533320) ROCE % : 44.93% (As of Mar. 2024)

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What is Jubilant Industries 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. Jubilant Industries's annualized ROCE % for the quarter that ended in Mar. 2024 was 44.93%.

Jubilant Industries ROCE % Historical Data

The historical data trend for Jubilant Industries'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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Jubilant Industries ROCE % Chart

Jubilant Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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17.72

20.30

43.50

37.98

22.04

Jubilant Industries 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															26.68	48.96	27.08	-32.36	44.93

Jubilant Industries ROCE % Calculation

Jubilant Industries'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 )
	=	605.2	/	( ( (6812.27 - 4153.66)	+	(7438.3 - 4605.7) )	/ 2 )
	=	605.2	/	( (2658.61	+	2832.6)	/ 2 )
	=	605.2	/	2745.605
	=	22.04 %

Jubilant Industries'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 )
	=	1272.8	/	( ( (0 - 0)	+	(7438.3 - 4605.7) )	/ 1 )
	=	1272.8	/	( ( 0	+	2832.6 )	/ 1 )
	=	1272.8	/	2832.6
	=	44.93 %

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

Jubilant Industries (BOM:533320) 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.

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Jubilant Industries (BOM:533320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jubilant Industries Ltd (BOM:533320) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JUBLINDS:India

Address

1A, Sector 16A, Noida, UP, IND, 201 301

Website

https://www.jubilantindustries.com

Jubilant Industries Ltd is engaged in the manufacturing and sale of Agri, industrial polymers, and consumer products. Its product portfolio includes Crop Nutrition, Crop Growth Regulator and Crop Protection, Vinyl pyridine latex, Adhesives, Wood finishes, Speciality polymers, and food polymers. The company's operating segment include Performance Polymers and Agri Products. It generates maximum revenue from the Performance Polymers segment. Performance Polymers segment includes Adhesives and Wood Finishes, Food Polymer (Solid PVA) and Latex.

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