Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) ROCE % : 8.39% (As of Mar. 2023)

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What is Jiwanram Sheoduttrai 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. Jiwanram Sheoduttrai Industries's annualized ROCE % for the quarter that ended in Mar. 2023 was 8.39%.

Jiwanram Sheoduttrai Industries ROCE % Historical Data

The historical data trend for Jiwanram Sheoduttrai 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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Jiwanram Sheoduttrai Industries ROCE % Chart

Jiwanram Sheoduttrai Industries Annual Data

Trend

Mar21

Mar22

Mar23

ROCE %

2.22

4.55

8.39

Jiwanram Sheoduttrai Industries Semi-Annual Data
	Mar21	Mar22	Mar23
ROCE %	2.22	4.55	8.39

Jiwanram Sheoduttrai Industries ROCE % Calculation

Jiwanram Sheoduttrai Industries'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 )
	=	72.925	/	( ( (1137.725 - 288.983)	+	(1211.236 - 322.38) )	/ 2 )
	=	72.925	/	( (848.742	+	888.856)	/ 2 )
	=	72.925	/	868.799
	=	8.39 %

Jiwanram Sheoduttrai Industries'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: Mar. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Mar. 2022 )		(Q: Mar. 2023 )
	=	72.925	/	( ( (1137.725 - 288.983)	+	(1211.236 - 322.38) )	/ 2 )
	=	72.925	/	( ( 848.742	+	888.856 )	/ 2 )
	=	72.925	/	868.799
	=	8.39 %

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

Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) 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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Jiwanram Sheoduttrai Industries (NSE:JIWANRAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jiwanram Sheoduttrai Industries Ltd (NSE:JIWANRAM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shilpangan, LB 1, Module 301 & 302, Phase -1, Sector III, Kolkata, WB, IND, 700098

Website

https://www.jiwanramgroup.com

Jiwanram Sheoduttrai Industries Ltd is engaged in the manufacturing and export of Industrial Safety Gloves and Garments which provides customized solutions in the field of Industrial Safety. Its Products are well-accepted for their quality which covers all its manufacturing range of Gloves, Industrial Garments and other protective PPEs and solution baskets for Industrial Safety. It is majorly engaged in the business of manufacturing and exporting for various brands.

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