Goldkart Jewels (NSE:GOLDKART) ROCE % : 9.20% (As of Mar. 2023)

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What is Goldkart Jewels 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. Goldkart Jewels's annualized ROCE % for the quarter that ended in Mar. 2023 was 9.20%.

Goldkart Jewels ROCE % Historical Data

The historical data trend for Goldkart Jewels'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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Goldkart Jewels ROCE % Chart

Goldkart Jewels Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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20.47

9.55

7.11

6.73

13.92

Goldkart Jewels Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
ROCE %	Get a 7-Day Free Trial						7.11	7.26	6.06	18.24	9.20

Goldkart Jewels ROCE % Calculation

Goldkart Jewels'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 )
	=	34.472	/	( ( (423.544 - 184.052)	+	(372.008 - 116.12) )	/ 2 )
	=	34.472	/	( (239.492	+	255.888)	/ 2 )
	=	34.472	/	247.69
	=	13.92 %

Goldkart Jewels's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Sep. 2022 )		(Q: Mar. 2023 )
	=	23.616	/	( ( (390.189 - 132.586)	+	(372.008 - 116.12) )	/ 2 )
	=	23.616	/	( ( 257.603	+	255.888 )	/ 2 )
	=	23.616	/	256.7455
	=	9.20 %

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

Goldkart Jewels (NSE:GOLDKART) 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.

Goldkart Jewels ROCE % Related Terms

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Goldkart Jewels (NSE:GOLDKART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Goldkart Jewels Ltd (NSE:GOLDKART) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Mansi Cross Road, 7, Millenium Plaza, Opposite Swaminarayan Mandir, Vastrapur, Ahmedabad, GJ, IND, 380015

Website

http://www.sonahisona.com

Goldkart Jewels Ltd is engaged in the trading business of jewellery and ornaments. It offers gold Jewellery, diamond and platinum jewels and a variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Finger Rings, Bracelets, and various other items.

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