Veerkrupa Jewellers (BOM:543545) ROCE % : 1.35% (As of Sep. 2023)

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What is Veerkrupa Jewellers 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. Veerkrupa Jewellers's annualized ROCE % for the quarter that ended in Sep. 2023 was 1.35%.

Veerkrupa Jewellers ROCE % Historical Data

The historical data trend for Veerkrupa Jewellers'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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Veerkrupa Jewellers ROCE % Chart

Veerkrupa Jewellers Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

7.72

0.19

0.31

0.28

0.56

Veerkrupa Jewellers Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial			0.29	-0.29	0.30	0.95	1.35

Veerkrupa Jewellers ROCE % Calculation

Veerkrupa Jewellers'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 )
	=	0.502	/	( ( (101.699 - 52.528)	+	(150.252 - 19.671) )	/ 2 )
	=	0.502	/	( (49.171	+	130.581)	/ 2 )
	=	0.502	/	89.876
	=	0.56 %

Veerkrupa Jewellers'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: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	1.772	/	( ( (150.252 - 19.671)	+	(145.686 - 14.243) )	/ 2 )
	=	1.772	/	( ( 130.581	+	131.443 )	/ 2 )
	=	1.772	/	131.012
	=	1.35 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Veerkrupa Jewellers (BOM:543545) 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.

Veerkrupa Jewellers ROCE % Related Terms

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Veerkrupa Jewellers (BOM:543545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Veerkrupa Jewellers Ltd (BOM:543545) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Shop No. 7, Vrundavan Residency, Near Satyam School, Near Dharmnath Prabhu Society, Naroda, Ahmedabad, GJ, IND, 382 330

Website

https://www.veerkrupajewellers.com

Veerkrupa Jewellers Ltd is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company's jewellery is made of gold, silver, studded and other jewellery products that includes diamond, platinum and other precious and semi-precious stones.

Veerkrupa Jewellers (BOM:543545) Headlines

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