JSW Holdings (BOM:532642) ROCE % : 0.37% (As of Dec. 2023)

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What is JSW Holdings 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 Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.37%.

JSW Holdings ROCE % Historical Data

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

JSW Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.13

1.38

0.81

0.98

1.79

JSW Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.49	0.42	0.42	1.30	0.37

JSW Holdings ROCE % Calculation

JSW Holdings'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 )
	=	4008.606	/	( ( (227563.275 - 7.674)	+	(220390.242 - 9.131) )	/ 2 )
	=	4008.606	/	( (227555.601	+	220381.111)	/ 2 )
	=	4008.606	/	223968.356
	=	1.79 %

JSW Holdings'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 )
	=	983.36	/	( ( (264271.734 - 13.454)	+	(0 - 0) )	/ 1 )
	=	983.36	/	( ( 264258.28	+	0 )	/ 1 )
	=	983.36	/	264258.28
	=	0.37 %

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

JSW Holdings (BOM:532642) 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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JSW Holdings (BOM:532642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » JSW Holdings Ltd (BOM:532642) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

JSWHL:India

Address

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

Website

https://www.jsw.in

JSW Holdings Ltd is a conglomerate company with businesses in steel, energy, infrastructure, and cement. Its primary business segment is Investing and Financing. It derives revenue from Interest Income, Dividend Income, and Pledge Fees. Product offering under Steel includes Hot Rolled, Cold Rolled, Color Coated Products, Galvanized, Galvalume, Avante Steel Doors, and Light Steel Building solutions. The infrastructure business develops seaports and terminals, shipyards, townships, port-based special economic zone, industrial clusters, and last-mile connectivity projects.

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