Palm Jewels (BOM:541444) ROCE % : 4.53% (As of Dec. 2023)

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What is Palm 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. Palm Jewels's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.53%.

Palm Jewels ROCE % Historical Data

The historical data trend for Palm 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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Palm Jewels ROCE % Chart

Palm Jewels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.63

0.98

2.57

3.41

3.62

Palm Jewels Quarterly Data
	Sep18	Mar19	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															1.81	4.27	5.05	2.28	4.53

Palm Jewels ROCE % Calculation

Palm 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 )
	=	5.559	/	( ( (190.053 - 47.046)	+	(167.192 - 2.711) )	/ 2 )
	=	5.559	/	( (143.007	+	164.481)	/ 2 )
	=	5.559	/	153.744
	=	3.62 %

Palm Jewels'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 )
	=	7.776	/	( ( (200.069 - 28.592)	+	(0 - 0) )	/ 1 )
	=	7.776	/	( ( 171.477	+	0 )	/ 1 )
	=	7.776	/	171.477
	=	4.53 %

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

Palm Jewels (BOM:541444) 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.

Palm Jewels ROCE % Related Terms

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Palm Jewels (BOM:541444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Palm Jewels Ltd (BOM:541444) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Chimanlal Girdharlal Road, Near Lal Bunglow, C-205, D-205, 2nd Floor, Super Mall, Navrangpura City, Ahmedabad, GJ, IND, 380009

Website

https://www.palmjewels.com

Palm Jewels Ltd is an India based company engaged in the wholesale business of gold jewellery. Its products include gold-based chains, bracelets, and necklaces. The company markets its products directly to other jewellery stores; and through B2B marketing and direct/outbound marketing.

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