Jio Financial Services (BOM:543940) ROCE % : 1.05% (As of Dec. 2023)

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What is Jio Financial Services 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. Jio Financial Services's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.05%.

Jio Financial Services ROCE % Historical Data

The historical data trend for Jio Financial Services'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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Jio Financial Services ROCE % Chart

Jio Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-20.36

-2.41

-2.96

6.59

0.08

Jio Financial Services Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				-	-	-	1.83	1.05

Jio Financial Services ROCE % Calculation

Jio Financial Services'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 )
	=	438.4	/	( ( (222.812 - 0.009)	+	(1149295.6 - 590.8) )	/ 2 )
	=	438.4	/	( (222.803	+	1148704.8)	/ 2 )
	=	438.4	/	574463.8015
	=	0.08 %

Jio Financial Services'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 )
	=	12586.4	/	( ( (1195975.9 - 589.8)	+	(0 - 0) )	/ 1 )
	=	12586.4	/	( ( 1195386.1	+	0 )	/ 1 )
	=	12586.4	/	1195386.1
	=	1.05 %

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

Jio Financial Services (BOM:543940) 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.

Jio Financial Services ROCE % Related Terms

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Jio Financial Services (BOM:543940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jio Financial Services Ltd (BOM:543940) » Definitions » ROCE %

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Traded in Other Exchanges

JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

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