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Jash Engineering (NSE:JASH) Is Very Good At Capital Allocation – Simply Wall St

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So when we looked at the ROCE trend of Jash Engineering (NSE:JASH) we really liked what we saw.

For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Jash Engineering:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) (Total Assets - Current Liabilities)

0.24 = 419m (3.3b - 1.6b) (Based on the trailing twelve months to December 2021).

Thus, Jash Engineering has an ROCE of 24%. In absolute terms that's a great return and it's even better than the Machinery industry average of 14%.

View our latest analysis for Jash Engineering

Historical performance is a great place to start when researching a stock so above you can see the gauge for Jash Engineering's ROCE against it's prior returns. If you'd like to look at how Jash Engineering has performed in the past in other metrics, you can view this free graph of past earnings, revenue and cash flow.

Jash Engineering is displaying some positive trends. Over the last five years, returns on capital employed have risen substantially to 24%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 71%. The increasing returns on a growing amount of capital is common amongst multi-baggers and that's why we're impressed.

On a separate but related note, it's important to know that Jash Engineering has a current liabilities to total assets ratio of 48%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks.

To sum it up, Jash Engineering has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has returned a staggering 628% to shareholders over the last three years, it looks like investors are recognizing these changes. Therefore, we think it would be worth your time to check if these trends are going to continue.

Jash Engineering does have some risks though, and we've spotted 3 warning signs for Jash Engineering that you might be interested in.

High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Jash Engineering (NSE:JASH) Is Very Good At Capital Allocation - Simply Wall St

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How to Safely Store Sensitive Files in the Cloud – Lifehacker

Photo: OPOLJA (Shutterstock)

Ideally, you wouldnt store any sensitive personal information in the cloud. Theres always a risk your online accounts will get hacked, so in theory youre better off storing all your documents and data offline. But thats not really how the world works anymore, and the convenience (or necessity) of maintaining easy access to financial records, IDs, and medical documents often means taking a calculated risk.

But lots of people risk more than they need to, and end up storing quite a lot of personal information on a cloud storage service like Google Drive, iCloud, or OneDrive. If you do too, consider better protecting the data by encrypting it with a password. Well show you a few ways to encrypt sensitive files before you upload them online.

For most people, adding a password to their files offers sufficient protection. There are various easy ways to password-protect your files, but the most convenient is to use apps such as 7Zip or Keka, which let you compress multiple files into a single archive you can easily protect with a password. Your password-protected file can be accessed on any device; you just need the password to view its contents. This method works best if you have lots of files you want to encrypt quickly.

If youre exclusively dealing with documents of only one file type, you may not need to use a different app to encrypt them. For example, if youre creating sensitive doc files using Microsoft Word, go to File > Info > Protect document > Encrypt with a password. You can use a similar method with your preferred PDF app to encrypt those types of files. Be careful not to lose these passwords thoughand consider this another good reason to consider using a password manager.

Password managers such as BitWarden or 1Password offer up to 1GB of encrypted file storage on their premium plans. If youre already paying a subscription fee for a password manager, its worth exploring this option as a way to store sensitive documents. This way, you dont have to remember or store additional passwords to access them; the master password for your password manager app is all you need. Bitwarden lets you access this feature on plans starting at $10 per year, while using it on 1Password will require a plan that costs $30 per year.

Dropbox Vault and OneDrive Personal Vault allow you to create you an encrypted space for your most important files. Youll have to use an additional password or a numeric PIN to access the information stored in these folders. A OneDrive Personal Vault is available for free, but you can only upload three files into it. To get around this restriction, create a .zip archive containing as many files as you need to store (and go ahead and protect the .zip file with a password too). This limitation is removed on the paid tier for OneDrive. Dropbox Vault is only available on the paid tiers for that service.

If youre using a cloud storage service that lacks encryption, you can create an encrypted folder yourself for free. On Windows, use 7Zip to get the job done fast. Right-click any file or folder and select 7-Zip > Add to archive. Under the Encryption section, you can type and confirm the password before clicking OK to create the archive.

On your Mac, the built-in Disk Utility app also lets you do this for free. Use Spotlight Search (Command + Spacebar) to search for and launch Disk Utility. Then navigate to File > New Image > Image From Folder. You can then select any folder on your computer, and then pick 256-bit AES encryption from the drop-down menu next to Encryption. Disk Utility will ask you to type and confirm the password. Once youve done that, you should also select where youd like to store the folder from the drop-down menu next to Where. After this, under Image Format, choose Read/Write, and click Create.

This will create a disk image (.dmg) file, which can be opened easily on any Mac (as long as you have the password). The dmg file is a password-protected copy of the original folder, so remember to delete the original folder, which will be accessible without a password.

This method is probably the least convenient and most secure. Third-party apps such as Cryptomator and Boxcryptor allow you to create a secure storage space on your computer, and allow you to access these files on any device. Both services are compatible with popular cloud storage services such as Google Drive, OneDrive, Dropbox, and iCloud Drive.

Install the app for Cryptomator or Boxcryptor on your computer and use it to quickly encrypt any folder in your cloud storage services. For example, if you have a folder containing scanned copies of all your ID cards on Google Drive, you can add it to the app, and itll password-protect the folder.

If you want to access this folder on any other device, youll have to install the app on that device (including on smartphones), and enter the password to access it.

Even though this is the best solution from a security standpoint, you should only use this if youre ready to troubleshoot minor issues. We encountered problems when using Apples Files app, which would sometimes not allow us to access an encrypted folder on an iPhone, while Windows worked more smoothly.

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How to Safely Store Sensitive Files in the Cloud - Lifehacker

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Kyligence Launches Beta of Kyligence Cloud on Google Cloud – Database Trends and Applications

Kyligence, originator of Apache Kylin and developer of the AI-augmented data services and management platform Kyligence Cloud, is releasing the beta version of its intelligent data cloud platform on Google Cloud.

This is a significant step in the evolution of both the Kyligence Cloud and the Google Cloud ecosystem, said Li Kang, vice president, North America, Kyligence. Having Kyligences cloud platform available on Google Cloud, makes it even more seamless for customers around the world to leverage Kyligence to unlock insights faster from big data.

Designed and built for todays cloud, Kyligence Cloud allows enterprise organizations to create fast, flexible, and cost-optimal innovative big data analysis applications on a data lake based on cloud-native computing and storage.

With automated model optimization using AI-enhanced semantic modeling based on past analysis, business users can make more informed decisions, according to the vendor. Kyligence Cloud can be seamlessly integrated with Google Cloud Storage to help maximize the use of existing cloud assets.

Kyligences one-stop, cloud-native big data OLAP solution helps data analysts and business users quickly discover the business value in the massive amounts of data in the cloud.

Kyligences AI-augmented data services and management platform provides analysts and business users with a unified, governed, and optimized semantic layer. Through multiple interfacessuch as SQL, MDX, and REST APIsKyligence Cloud seamlessly connects business applications, popular BI tools, and AI/ML environments, enabling users to work efficiently with familiar tools.

Kyligence connects to native data sources such as Cloud Storage to get the most out of data on Google Cloud, building a comprehensive Google Cloud big data solution.

For more information about this news, visit https://kyligence.io/.

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Kyligence Launches Beta of Kyligence Cloud on Google Cloud - Database Trends and Applications

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Funding site linked to Canadian trucker protest hacked, donor info leaked online – The Verge

GiveSendGo, a crowdfunding website that was being used to source donations for the Freedom Convoy protest mounted by Canadian truckers, has been taken offline in an apparent hack and information about alleged donors leaked online.

On Sunday night, the GiveSendGo domain began to redirect to a new domain GiveSendGone[.]wtf and show a video loop from Disneys Frozen, as first noted by Daily Dot journalist Mikael Thalen. The video was accompanied by text criticizing the fundraising site and linking it to the January 6th insurrection in the US.

GiveSendGo, which brands itself the number one Free Christian crowdfunding platform, had already emerged as the go-to platform for fundraising to cover legal fees for Trump supporters accused of participating in the Capitol insurrection.

It quickly became the number one fundraising choice for the self-styled Freedom Convoy after the more prominent platform GoFundMe said it would withhold millions of dollars in donations to the truckers, citing police reports of violence and other illegal activity. Canadian banks had already begun to block funds linked to the convoy, with TD freezing two personal accounts containing more than $1 million in donor funding.

As donors flocked to the new platform, a security researcher alerted TechCrunch to the fact an Amazon S3 bucket a cloud storage service used to host files online had been set up insecurely by GiveSendGo and exposed gigabytes of data about donors to the Freedom Convoy, including photos and passport scans.

The cloud storage issue was believed to have been fixed last week after TechCrunch notified the GiveSendGo management team, and the latest hack appears to be a new compromise of the site.

The leaked donor information was obtained by data leak hosting website Distributed Denial of Secrets, which has been giving access solely to journalists and researchers due to the presence of sensitive personal information.

A copy of the data obtained by The Verge contained close to 93,000 entries, including names, email addresses, ZIP codes, and country of origin. Among the email addresses listed in the database, a handful come from domains ending in .gov, a domain reserved for government entities, and appear to belong to employees of the TSA, Department of Justice, Bureau of Prisons, and NASA.

The US makes up more than half of the entries for donor country, followed by Canada and then Great Britain, giving support to concerns raised in Canadian media that foreign money has been backing the protest.

A request for comment sent to GiveSendGo had not received a response by time of publication.

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Funding site linked to Canadian trucker protest hacked, donor info leaked online - The Verge

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Microsoft’s Windows 365 is getting this most requested feature – ZDNet

Microsoft's Windows 365 Cloud PC for enterprise is getting a new service to make it easier for admins to onboard users through its cloud identity platform, Azure Active Directory (AAD).

AAD is central to Microsoft's identity and security services and its 'join' feature for controlling device access is now coming to its Windows 365 Cloud PC the managed PC service it launched last summer for $20 to $162 per user per month for compute, memory and storage.

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AAD's Join feature for has been "by far" the most requested feature by users of Windows 365 Enterprise, according to Microsoft. It acts as a device-joining bridge from the cloud-based Azure AD for organizations that use the on-premise variant of Active Directory. Azure AD Join lets admins enroll devices without the on-premise AD.

SEE: Cloud computing is the key to business success. But unlocking its benefits is hard work

"This has been by far the most requested feature since Windows 365 reached general availability," it announced.

"With Azure AD Join as a Cloud PC join type option, you no longer need an existing Azure infrastructure to use the service, just your Azure AD users."

The cloud ID feature is a public preview. For now, it means admins don't need an Azure subscription to provision Cloud PCs for their users, which can be done via the Microsoft Endpoint Manager admin center.

Microsoft is also improving the configuration process for more languages to ensure Cloud PCs are available in a local language when users log in. There are 38 local languages available for global operations.

When admins create a provisioning policy, they can set a Language & Region pack to be installed on the Cloud PCs. It's meant to speed things up for admins who have been manually installing language packs onto an OS image.

Additionally, Microsoft's Windows 365 managed PC service has two new regions, US Central and Germany West Central. This allows admins to create a virtual network in those regions in order to open a connection to an on-premise network.

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Microsoft's Windows 365 is getting this most requested feature - ZDNet

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Doing an annual audit of your debit-card statements can save you money – Sydney Morning Herald

I get so many of those little invoice emails from Apple that I stopped reading them years ago.

In the age of huge digital photo albums, how many people are paying Apple or Google for extra storage space for their pictures and device back-ups? The tech giants wont say.

However, the Telsyte study found 44 per cent of device users utilised cloud storage services for their digital data. Of those, more than 30 per cent paid for the privilege.

These storage plans are the product upsells of the technology universe.

Apple gives you 5GB of free storage, but that does not take long to fill before you are offered extra space for a charge. Same deal with Google, which has its free cloud storage space capped at 15GB.

Cloud storage plans also have become more feature-packed over time, resulting in price increases. The more expensive types can add up to as much as $120 a year for a family plan.

I found I was paying for both Apple and Google photo storage, which was a waste of cash.

The other hidden bill that becomes clear if you go one step further and do an audit on your credit-card statements is the amount of interest you are paying.

Almost half of credit-card customers pay interest because they do not pay off the outstanding balance in full each month.

With the average credit-card balance now at $2877 and an average interest rate of 17 per cent, that is about $430 in interest a year if you are only paying the minimum amount.

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To put that in perspective, the average electricity bill is about $1500 a year, so many people have a credit-card interest bill that is almost one-third of their annual power bill.

However, debit cards remain far more popular than credit cards. That is good because they do almost everything a credit card does without racking up an interest bill.

Doing an annual audit on your debit-card statements is a bit like moving house. It forces you to look at every item and ask yourself do I really need this?

These little purges are good for your bank balance, so why not do a Marie Kondo on your debit card at least once a year?

Joel Gibson is the author of KILL BILLS. Catch his money saving segments on Nine Radio, Today and on Twitter @joelgibson.

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Doing an annual audit of your debit-card statements can save you money - Sydney Morning Herald

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Pure’s Portworx gets AWS cloud-native blessing Blocks and Files – Blocks and Files

Pure Storage and AWS have a 3-year deal to use Portworx container management software with Amazons Elastic Kubernetes Service (EKS) and so provide enterprise scale containerised apps in Amazons cloudy IT empire.

EKS provides a basic capability to run and scale Kubernetes on AWS with no need to install, operate, and maintain a Kubernetes control plane or nodes. Pures Portworx software is layered on top of that to add services such as persistent storage, data protection, disaster recovery, data security, cross-region and hybrid data migrations, and automated capacity management.

Deepak Singh, AWS VP of Compute Services, said of the deal: We are excited to work with Portworx to provide customers another option for backup and data management on Amazon EKS.

Reed Glauser, director of engineering at CHG Healthcare, provided a customer perspective: As demand for healthcare workers skyrocketed, we needed to rapidly deliver new digital tools that better serve our customers, who count on us to provide more than 30 per cent of the temporary medical employees in the United States. We started by migrating most of our technology infrastructure on AWS and adopting Kubernetes to develop, test, and deploy new applications, but we needed a storage layer that was as flexible as the other elements of our cloud-native stack.

So: Portworx added the capabilities to Amazon EKS we needed, enabling us to optimize and automate our storage management, spin up new clusters and migrate seamlessly, and significantly accelerate and streamline our cloud development life cycle.

There are two parts of the Portwork offering involved here. Portworx Enterprise enables users to request storage based on their requirements for capacity, performance level, resiliency level, security level and access, protection level, and more. Portworx PX-Backup adds point-and-click backup and recovery for all applications running on Kubernetes, even stateless ones.

The Pure-AWS deal includes Pure announcing an Early Access Program for Portworx Backup as-a-Service (BaaS) on AWS. Pure says Portworx BaaS is one of the many as-a-Service offerings the company will deliver to its customers in the future.

The pairs deal, which they called a strategic engagement, means Pure gets AWS blessing for its Portworx software, which should help sales (shorter term win), and AWS gets a Portworx on-ramp to its cloud for Pure customers looking to go cloud-native (longer term win).

Will Pure look for similar arrangements with Azure and the Google cloud? Will AWS look for similar arrangements with HPE and NetApp and others? Watch this space. The (cloudy) skys the limit.

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Pure's Portworx gets AWS cloud-native blessing Blocks and Files - Blocks and Files

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IBM Cloud Bare Metal Servers | IBM

Today, available compute options for cloud services go beyond just bare metalservers and cloud servers.Containersare becoming a default infrastructure choice for manycloud-nativeapplications. Platform-as-a-service (PaaS) offerings have an important niche of the applications market for developers who don't want to manage an OS or runtime environment. Andserverless computingis emerging as the model of choice for cloud purists.

But, when evaluating bare metal servers, users still gravitate toward the comparison to virtual servers. For most companies, the criteria for choice are application specific or workload specific. It's extremely common for a company to use a mix of bare metal servers along withvirtualizedresources across their cloud environment.

Virtual servers are the more common model of cloud computing because they offer greater resource density, faster provisioning times, and the ability to scale up and down quickly as needs dictate. But bare metalservers are the right fit for a few primary use cases that take advantage of the combination of attributes. These attributes are dedicated resources, greater processing power, and more consistent disk and network I/O performance.

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IBM To Offer z/OS App Development and Testing in Its Public Cloud – Data Center Knowledge

IBM is planning to offer its experimental cloud-based mainframe application development and testing platform as a commercial service.

Called Wazi as-a-Service (Wazi aaS), it delivers z/OS-based virtual server instances using IBM Clouds logically isolated Virtual Private Cloud infrastructure.

IBM says access to the service can be arranged in as little as six minutes, and it performs up to 15x faster than comparable x86 dev and test alternatives in its own cloud data centers.

Wazi aaS is expected to be generally available in the second half of 2022.

The announcement ties into the companys wider mainframe modernization efforts that saw a launch of a dedicated online hub at the end of 2021.

IBM recognizes that there is no one-size-fits-all approach to modernization, said Tarun Chopra, Vice President, IBM Z Hybrid Cloud. "By leveraging both IBM Z and IBM Cloud, clients can benefit from a hybrid cloud approach that allows them to capitalize on the innovations, technical advancements, security, resiliency of each platform.

Mainframes are a common sight in banking, insurance, and retail, thanks to their ability to efficiently process huge volumes of transactions, and their reputation for security and uptime.

In a 2021 BMC survey of more than 1,300 mainframe executives and technicians, 92% of respondents said they saw the mainframe as a platform for long-term growth and new workloads.

But in order to run those workloads, the mainframe has to change its ways. For most of its history, the architecture has been very rigid which makes sense, when it has to be capable of running code written more than 50 years ago.

The evolution of the mainframe is well underway; in recent years these machines have embraced Linux, containerized workloads built with popular tools like Docker and RedHats OpenShift, and learned to interact with public cloud resources.

The latest step in IBMs cloud-friendly strategy will enable developers to write code for mainframes and test it in a convenient, pay-as-you-go environment, without having to waste any of the physical mainframes valuable resources.

The virtual server instances are created with Wazi Image Builder and can be either preinstalled with popular software or fully customized to individual organizations requirements.

Wazi aaS presents a much more palatable alternative to IBM Z Development and Test Environment (ZD&T), which enables users to run mainframe applications on x86 PCs and servers including public cloud servers from AWS and Microsoft but is accompanied by a long disclaimer that states the software cannot be used for production workloads of any kind, nor robust development workloads, production module builds, pre-production testing, stress testing, or performance testing.

To understand just how revolutionary Wazi as-a-Service is, we can point to the fact that a single Personal Edition license for ZD&T costs upwards of $5,000.

In the future, IBM intends to expand on IBM Wazi as-a-Service capabilities to provide a complete modern cloud native developer experience for IBM z/OS that would be consistent and familiar to all developers, the company said in its statement of direction.

IBMs attempts to recapture the mainframe modernization concept come at a time when it is facing increasing competition from public cloud vendors, for which mainframe modernization means replacing traditional mainframe hardware with virtual machines.

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IBM To Offer z/OS App Development and Testing in Its Public Cloud - Data Center Knowledge

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