JSW Energy (NSE:JSWENERGY) ROCE % : 7.46% (As of Dec. 2023)

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What is JSW Energy 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. JSW Energy's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.46%.

JSW Energy ROCE % Historical Data

The historical data trend for JSW Energy'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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JSW Energy ROCE % Chart

JSW Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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9.00

9.91

8.91

11.78

8.18

JSW Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															11.62	6.44	4.82	15.23	7.46

JSW Energy ROCE % Calculation

JSW Energy'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 )
	=	26819.2	/	( ( (309324.6 - 50927.6)	+	(487417 - 90056.2) )	/ 2 )
	=	26819.2	/	( (258397	+	397360.8)	/ 2 )
	=	26819.2	/	327878.9
	=	8.18 %

JSW Energy's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	33239.6	/	( ( (531068.5 - 85326.1)	+	(0 - 0) )	/ 1 )
	=	33239.6	/	( ( 445742.4	+	0 )	/ 1 )
	=	33239.6	/	445742.4
	=	7.46 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

JSW Energy (NSE:JSWENERGY) 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.

JSW Energy ROCE % Related Terms

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JSW Energy (NSE:JSWENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » JSW Energy Ltd (NSE:JSWENERGY) » Definitions » ROCE %

Traded in Other Exchanges

533148:India

Address

JSW Centre, Near MMRDA Grounds, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.jsw.in

JSW Energy Ltd is an Indian electric utility company and member of the Jindal Group business conglomerate. JSW Energy segments are Power Generation, Power Transmission, Mining, Power Trading, and Equipment Manufacturing. The vast majority of the company's revenue comes from the sale of power and power conversion charges. Geographically, it generates a majority of its revenue from India.

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